Official:Authorizing the amendment of the Philadelphia Facilities Management Corporation Agreement to provide for a temporary change in the amount of temporary financing that the City may provide to the Philadelphia Gas Works under certain terms and conditions, and authorizing the temporary advance of up to $45,000,000 to the Philadelphia Gas Works pursuant to that Agreement under certain terms and conditions.
Sponsor: Councilmember Tasco
Introduced: September 21, 2000
Signed: November 2, 2000
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill allows the City to temporarily increase the amount of financing it can provide to the Philadelphia Gas Works, up to $45 million, with repayment expected within 24 months.
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