Official:Providing for the submission to the qualified electors of the City of Philadelphia of the proposal set forth in a Resolution approved by Council proposing an amendment of The Philadelphia Home Rule Charter providing for a mandatory Asset Sales Optimization Fund; and authorizing the appropriate officers to publish notice and to make arrangements for the special election.
Sponsor: Council President Clarke
Introduced: January 26, 2012
: Committee on Law and Government
Status: Lapsed
This bill was introduced in the 2012–2015 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.
This bill puts a question on the ballot to ask Philadelphians if they want to create a mandatory fund that would optimize asset sales and place restrictions on deposits and withdrawals from it.
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