Official:Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements", by clarifying the requirements for city depositories.
Sponsor: Councilmember Goode
Introduced: January 24, 2006
Signed: March 2, 2006
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill amends a City Code chapter related to city funds and depositories. It requires banks and institutions holding city funds to provide annual community reinvestment plans, certify compliance with certain requirements, and submit long-term strategic plans to address disparities in lending and investments.
Add your view and see how other readers lean. One vote per person.
to cast your vote
Philadelphia Launches Banking Review Committee to Scrutinize City's Bank Partners Amid Neighborhood Investment Concerns
120650 · Signed Into Law · 2012
Banks Must Report Community Reinvestment Goals and Address Lending Disparities Under New Law
050745 · Signed Into Law · 2005
Philadelphia Allows City Treasurer to Deposit Funds in Santander Bank Under Certain Terms
210006 · Signed Into Law · 2021
Philadelphia Adds Republic First Bank to Approved List of City Depositories Amid Roster Shakeup
200545 · Lapsed · 2020
Treasurer's Office Seeks Deal for High-Tech Cash Tracking System Amid City Budget Scrutiny
190850 · Signed Into Law · 2019
City Removes Wachovia From List of Authorized Banks Holding Public Funds Immediately
060052-A · Lapsed · 2006
Philadelphia Council Tackles Minority Business Contracts with New Oversight Proposal Awaits Voter Approval
060388 · Signed Into Law · 2006
City Treasurer Gets New Power to Pick Banks for Payroll Funds Deposits Amid Budget Crunch Looms
060387 · Signed Into Law · 2006
Every City Council bill since 2000, summarized in plain English.