Official:Authorizing an increase in the non-electoral indebtedness of the City within the Pennsylvania constitutional limit; authorizing the Bond Committee to sell bonds at public or private negotiated sale, to provide funds toward various capital municipal purposes; providing for appropriations to the Sinking Fund Commission for the payment of such bonds; and authorizing agreements to provide credit or payment or liquidity sources for the bonds in connection with issuance of the bonds, and certain other actions; and rescinding the authorization set forth in Bill No. 230186-A (approved September 15, 2023).
Sponsor: Council President Johnson
Introduced: May 2, 2024
Signed: June 13, 2024
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill allows the City of Philadelphia to borrow money for various capital projects and sell bonds to pay back the loans.
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Every City Council bill since 2000, summarized in plain English.