Official:Adopting an Amendment to Section V of the Articles of Incorporation of the Philadelphia Authority for Industrial Development by increasing the Authority's term of existence to a date fifty years from the date of approval of Articles of Amendment by the Secretary of the Commonwealth, under certain terms and conditions.
Sponsor: Council President Verna
Introduced: May 12, 2011
Signed: June 9, 2011
: Committee on Commerce & Economic Development
Status: Signed into Law, step 4 of 4
This bill extends the Philadelphia Authority for Industrial Development's (PAID) term of existence by 50 years to ensure it can issue necessary bonds.
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