Relating to fiscal emergencies in units of local government; prescribing an effective date.
Summary
Authorizes governing body of local government or special government body to notify Governor when local government or special government body is insolvent. Authorizes Governor in certain circumstances to take certain actions to help resolve state of fiscal emergency in insolvent local government or special government body. Authorizes Governor to establish Fiscal Emergency Oversight Board for local government or special government body in state of fiscal emergency. Authorizes board, on behalf of local government or special government body in state of fiscal emergency, to file petition and seek all relief available to municipality under federal bankruptcy law. Provides circumstances in which Governor may terminate board's oversight of local government or special government body. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2017
Last action Jul 7, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
2
Jul 7, 2017
Legislature · Reported by committee
In committee upon adjournment.
Jan 18, 2017
Legislature · Referred to committee
Referred to Revenue.
Jan 9, 2017
Legislature · Introduced
First reading. Referred to Speaker's desk.
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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