Official:Amending Chapter 19-200 of The Philadelphia Code entitled "City Funds - Deposits, Investments, Disbursements" by amending Section 19-202 entitled "Authorized Investments" by adding subsection on United States Treasury certified Community Development Financial Institutions.
Sponsor: Councilmember Goode
Introduced: March 23, 2000
Signed: May 4, 2000
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to invest in Community Development Financial Institutions (CDFI) certified by the US Treasury, increasing investment options for low-income communities.
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