Bill Title: 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 unable to meet its financial obligations. Provides for the selection and qualification of an evaluator, the evaluation process, cessation of an evaluation, declaration of a fiscal emergency, and definition of liabilities. Provides that records prepared for or used in connection with the Local Government Bankruptcy Neutral Evaluation Act are exempt from disclosure. Amends the Open Meetings Act. Provides that a public body may hold closed meetings related to the Local Government Bankruptcy Neutral Evaluation Act. Amends the Freedom of Information Act. Makes conforming changes.

Sponsorship: Partisan Bill (Republican 8)

Status: (Introduced - Dead) 2015-05-26 - Removed Co-Sponsor Rep. David McSweeney [HB4214 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2015-05-11	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4214

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4214 currently on file.