Bill 020245
Controlled by Committee on Finance
Description
Authorizing, generally, the continued issuance and sale by the City of Philadelphia of Gas Works Revenue Notes of the City, prescribing the forms of notes and providing for their execution and payment, pledging certain revenues of the Gas Works as security, adopting a rate covenant and directing the imposition and collection of rates and charges sufficient to comply therewith, prescribing the conditions precedent to the issue of specific series of notes, including a resolution passed by the Bond Committee providing for establishment of credit support for notes, providing for designation of a fiscal agent and sinking fund depositary, providing for establishment of a sinking fund and its management, providing remedies upon default, and providing for amendments and modifications.
Read the full Bill: CertifiedCopy02024501.pdf
Actions
- April 18, 2002: Referred to the Committee on Finance by CITY COUNCIL
- Introduced by CITY COUNCIL
- May 1, 2002: AMENDED by Committee on Finance
- REPORTED FAVORABLY, RULE SUSPENSION REQUESTED by Committee on Finance
- HEARING HELD by Committee on Finance
- HEARING NOTICES SENT by Committee on Finance
- May 2, 2002: SUSPEND THE RULES OF THE COUNCIL by CITY COUNCIL
- ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR by CITY COUNCIL
- ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR by CITY COUNCIL
- May 9, 2002: READ by CITY COUNCIL
- PASSED by CITY COUNCIL
- May 29, 2002: SIGNED by MAYOR
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Last action: May 29, 2002
Status: ENACTED