Official:Authorizing an amendment of the Philadelphia Facilities Management Corporation Agreement to extend the repayment period for temporary financing that the City may provide the Philadelphia Gas Works under certain terms and conditions, and authorizing the extension of the repayment date of a $45 million temporary advance previously made by the City pursuant to such Agreement.
Sponsor: Councilmember Tasco
Introduced: April 18, 2002
Signed: May 9, 2002
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill extends repayment deadlines for a $45 million loan to Philadelphia Gas Works (PGW) from 24 months to up to 72 months, allowing PGW to recover financially.
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