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Philadelphia-Based Firms Must Lead Bond Issuances Under New City Council Proposal Mandate

Official:Amending Chapter 19-300 of The Philadelphia Code, entitled "Bond Issues," by providing a preference for Philadelphia-based firms and professionals to render professional services in connection with the issuance of bonds by the City and City-related agencies, all under certain terms and conditions.

Sponsor: Councilmember Green

Introduced: June 17, 2010

: Committee on Commerce & Economic Development

business economic development government

No one voted on this bill

This bill was introduced in the 2008–2011 Council term and when that term ran out. The public record shows no committee vote and no floor vote at any stage, so no member of Council ever went on record for or against it.

That is not unusual here. Of the 8,465 bills introduced between 2000 and 2025, 1,624 lapsed without a single recorded vote. Ninety percent of bills that became law carry a roll call. Three percent of lapsed bills do. How this works.

Plain-Language Summary

This bill requires that professional services for bond issuance must be provided by firms and professionals based in Philadelphia, with some exemptions.

What This Bill Does

AI-written. Every figure is checked against the bill text.

Requires that professional services for bond issuance be provided by firms and professionals based in Philadelphia.
Exempts certain entities from the requirement, although the specific exemptions are not specified in the provided text.
Imposes a preference for Philadelphia-based firms and professionals, but does not guarantee their selection.
Applies to the issuance of bonds by the City and City-related agencies.