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File #: 170365    Version: 0 Name:
Type: Bill Status: IN COUNCIL - SECOND READING
File created: 4/20/2017 In control: Committee on Finance
On agenda: Final action:
Title: Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by amending Section 19-201, entitled "City Depositories," by authorizing the City Treasurer to deposit funds in Santander Bank, National Association, under certain terms and conditions.
Sponsors: Councilmember Green
Indexes: CITY DEPOSITORIES
Attachments: 1. Bill No. 17036500.pdf
Date Ver.Action ByActionResultTallyAction DetailsVideo
3/22/20180 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass  Action details Not available
3/22/20180 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
3/22/20180 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
3/19/20180 Committee on Finance HEARING NOTICES SENT   Action details Not available
3/19/20180 Committee on Finance HEARING HELD   Action details Not available
3/19/20180 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED   Action details Not available
6/5/20170 Committee on Finance HEARING NOTICES SENT   Action details Not available
6/5/20170 Committee on Finance HEARING HELD   Action details Not available
6/5/20170 Committee on Finance RECESSED   Action details Not available
4/20/20170 CITY COUNCIL Introduced and ReferredPass  Action details Not available

Title

Amending Chapter 19-200 of The Philadelphia Code, entitled “City Funds – Deposits, Investments, Disbursements,” by amending Section 19-201, entitled “City Depositories,” by authorizing the City Treasurer to deposit funds in Santander Bank, National Association, under certain terms and conditions.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

SECTION 1.  Section 19-201 of The Philadelphia Code is hereby amended to read as follows:

 

§ 19-201.  City Depositories.

 

(1) Pursuant to the provisions of Section 6-300 of the Charter, the City Treasurer is authorized to deposit City funds in the following banks or institutions:

 

*                     *                     *

 

                                          (j)                     U.S. Bank[.];

 

                                          (k)                     Santander Bank, N. A.

 

*                     *                     *

 

SECTION 2.  This ordinance shall take effect immediately.

 

 

 

___________________________________

Explanation:

 

[Brackets] indicate matter deleted.

Italics indicate new matter added.

 

End