Official:Authorizing the issuance of one or more series of general obligation bonds to provide funds to refund certain outstanding general obligation bonds of the City of Philadelphia; authorizing the Mayor, City Controller and City Solicitor or a majority of them to sell the bonds at public or private negotiated sale; setting forth the purposes for which the proceeds of the bonds will be expended; providing for the maturities and for other terms and conditions and for the form of the bonds; providing that bonds may be redeemable prior to maturity; providing sinking funds for the bonds and for appropriations to the Sinking Fund Commission for the payment thereof; authorizing agreements to provide credit enhancement or payment or liquidity sources for the bonds and certain other actions.
Sponsor: Councilmember Tasco
Introduced: October 7, 2010
Signed: November 18, 2010
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to issue up to $320 million in general obligation bonds to refund existing debt and pay for future expenses. The bonds can be sold at public or private sale, with terms determined by the Mayor, Controller, and Solicitor. Proceeds from the bonds will be used to pay off old debts and fund city services.
Add your view and see how other readers lean. One vote per person.
to cast your vote
City to Finance Construction of New Forensics Laboratory for Philadelphia Police Department
260691 · Signed Into Law · 2026
City Council Approves Financing Pact for New Police Headquarters at North Broad and Callowhill Streets
260527 · Signed Into Law · 2026
City Council Approves $44.8 Million Funding Boost for Philadelphia Gas Works Amid Budget Forecast Revisions
260512 · Signed Into Law · 2026
City Treasurer Clears Path for New Payroll Banking Deal with Citizens Bank National Association
260510 · Signed Into Law · 2026
City Agrees to Buy Electricity and Fuel for a Few Years
260266 · Signed Into Law · 2026
Philadelphia Law Tightens Rules on Selling Cigarettes to Minors with Stricter ID Requirements
100634 · Signed Into Law · 2010
Council OKs Switch to Wells Fargo for City Deposits Amid Bank Shakeup
100612 · Signed Into Law · 2010
Council Moves to End DROP Program for City Police and Firefighters Effective Immediately
100542 · Lapsed · 2010
City Budget
City of Philadelphia FY2025 Operating Budget
Philadelphia Overview
U.S. Census Bureau ACS 2022
Every City Council bill since 2000, summarized in plain English.