Relating to municipal bankruptcy; prescribing an effective date.
Catchline/Summary:
Authorizes local governments and special government bodies to file for relief under federal bankruptcy law, take actions necessary to carry out confirmed plans, and incur and pay expenses incident to bankruptcy proceedings and carrying out plans. Authorizes local governments and special government bodies to file for relief under federal bankruptcy law, take actions necessary to carry out confirmed plans, and incur and pay expenses incident to bankruptcy proceedings and carrying out plans.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 2924 House Committee On Rules
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