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File #: 220220    Version: Name:
Type: Bill Status: ENACTED
File created: 3/10/2022 In control: Committee on Finance
On agenda: Final action: 5/26/2022
Title: Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," by adding a new Chapter 19-4500, entitled "Annual Reporting Relating to Unclaimed Property," all under certain terms and conditions.
Sponsors: Councilmember Gilmore Richardson
Code sections: Title 19 - FINANCE, TAXES AND COLLECTIONS
Attachments: 1. Bill No. 22022001, As Amended.pdf, 2. CertifiedCopy22022001
Date Ver.Action ByActionResultTallyAction DetailsVideo
6/1/20221 MAYOR SIGNED   Action details Not available
5/26/20221 CITY COUNCIL     Not available Not available
5/19/20221 CITY COUNCIL SUSPEND THE RULES OF THE COUNCIL   Action details Not available
5/19/20221 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR   Action details Not available
5/19/20221 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR   Action details Not available
5/18/20220 Committee on Finance     Not available Not available
5/18/20220 Committee on Finance     Not available Not available
5/18/20220 Committee on Finance     Not available Not available
5/18/20221 Committee on Finance     Not available Not available
3/10/20220 CITY COUNCIL Introduced and Referred   Action details Not available

Title

Amending Title 19 of The Philadelphia Code, entitled “Finance, Taxes and Collections,” by adding a new Chapter 19-4500, entitled “Annual Reporting Relating to Unclaimed Property,” all under certain terms and conditions.

 

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

 

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

 

TITLE 19.  FINANCE, TAXES AND COLLECTIONS.

 

*                     *                     *

 

CHAPTER 19-4500. ANNUAL REPORTING RELATING TO UNCLAIMED PROPERTY.

 

§ 19-4501.  Annual Reports Relating to Unclaimed Property.

 

(1) No later than 60 days after the effective date, and every August 1 thereafter, the Director of Finance shall produce a report of all unclaimed property owed to the City by the Commonwealth of Pennsylvania, whether recorded in the official records of the Commonwealth as collectible by the City or County of Philadelphia, and file the report with the Office of the Controller and with the Chief Clerk of Council.

 

(2) Each report filed pursuant to this Section shall contain the following information:

 

(a) A list of all unclaimed property owed to the City by the Commonwealth;

 

(b) A record of each claim made by the City to the Commonwealth to access the unclaimed property;

 

(c) A record of each transaction of property returned to the City;

 

(d) A record of all outstanding claims owed to the City; and

 

(e) A total amount of unclaimed property funds returned to the City for each fiscal year.

 

(3) All reports filed pursuant to this Section shall be kept available by the Chief Clerk of Council for inspection and copying during regular office hours.

 

SECTION 2.  Effective Date. The ordinance shall take effect immediately.

 

 

___________________________________

Explanation:

 

[Brackets] indicate matter deleted.

Italics indicate new matter added.

 

End