header-left
Share to Facebook Share to Twitter Bookmark and Share
File #: 210006    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 1/28/2021 In control: Committee on Finance
On agenda: Final action: 2/18/2021
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
Code sections: 19-201 - City Depositories
Attachments: 1. CertifiedCopy21000600.pdf

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:

 

TITLE 19.  FINANCE, TAXES AND COLLECTIONS

 

*                     *                     *

 

CHAPTER 19-200.  CITY FUNDS - DEPOSITS, INVESTMENTS, DISBURSEMENTS

 

§ 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.;

                                          (m)                     Santander Bank, N. A.

 

*                     *                     *

 

SECTION 2.  This Ordinance shall take effect immediately.

 

 

___________________________________

Explanation:

 

Italics indicate new matter added.

 

End