§ 17-1410. Rules Applicable to the Philadelphia Public Financial Authority. 186

   (1)   The Philadelphia Public Financial Authority (the "Authority") shall be deemed a City-Related Agency as defined in Section 17-1401 of the Code, and shall comply with Chapter 17-1400 of the Code as modified per Section 17-1408. The Authority's Board of Directors shall identify the other persons to carry out the other required provisions of Chapter 17-1400.

   (2)   The requirements concerning Financial Assistance as defined in Section 17-1401 shall not apply to financial products of the Authority or to any project applicant or project user, including but not limited to loans and loan guarantees; but policies adopted by the Authority, any of its boards, or any project applicant or project user may include provisions concerning restrictions on or the public disclosure of Financial Assistance as so defined. The Authority may also require related provisions by contract.

   (3)   City officials shall cooperate with the Authority in the public posting of non-competitively bid contract opportunities pursuant to subsection 17-1402(1)(a) and in the disclosures required pursuant to subsection 17-1402(1)(b).

   (4)   The Board of Ethics shall have the authority to impose fines as set forth in subsection 17-1407(3).

 

Notes

186	Added, Bill No. 210956-A (became law March 17, 2022).