IL HB5669 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Local Government Bankruptcy Neutral Evaluation Act. Makes legislative findings. Defines terms. Authorizes a local public entity to initiate a neutral evaluation process if that entity is or likely will become unable to meet its financial obligations as and when those obligations are due or become due and owing. Sets forth procedures concerning the selection and qualifications of an evaluator, the evaluation process, cessation of an evaluation, declaration of a fiscal emergency, and liabilities. Further provides that any meetings or writings made in connection with the neutral evaluation process shall be prohibited from public viewing. Amends the Open Meetings Act. Provides that a public body may hold closed meetings when the meetings are made pursuant to the Local Government Bankruptcy Neutral Evaluation Act. Amends the Freedom of Information Act. Provides that all records and information prohibited from being disclosed pursuant to the Local Government Bankruptcy Neutral Evaluation Act are exempt from inspection and copying.

Tracking Information

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Title

LOCGOV BANKRUPTCY NEUTRAL EVAL

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-05-31HouseRule 19(a) / Re-referred to Rules Committee
2012-04-24HouseAssigned to Labor Committee
2012-04-24HouseFinal Action Deadline Extended-9(b) May 31, 2012
2012-02-16HouseReferred to Rules Committee
2012-02-16HouseFirst Reading
2012-02-16HouseFiled with the Clerk by Rep. John E. Bradley

Code Citations

ChapterArticleSectionCitation TypeStatute Text
51202Amended CodeCitation Text
51407.5Amended CodeCitation Text

Illinois State Sources


Bill Comments

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