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File #: 190509    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 6/6/2019 In control: Committee on Finance
On agenda: Final action: 10/17/2019
Title: Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements", by revising the list of City depositories; under certain terms and conditions.
Sponsors: Councilmember Squilla, Councilmember Quiñones Sánchez, Councilmember Bass
Indexes: CITY DEPOSITORIES
Code sections: 19-200 - City Funds-Deposits, Investments, Disbursements
Attachments: 1. Bill No. 19050900.pdf, 2. CertifiedCopy19050900.pdf

Title

Amending Chapter 19-200 of The Philadelphia Code, entitled “City Funds - Deposits, Investments, Disbursements”, by revising the list of City depositories; 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:

*                     *                     *

                                          (l)                     JPMorgan Chase Bank, N.A.

 

SECTION 2. This Ordinance shall take effect immediately.

 

 

 

___________________________________

Explanation:

 

Italics indicate new matter added.

 

End