2017 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Regular Sponsors:||Introduced and printed pursuant to House Rule 12.00. Presession filed|
|Bill Title:||Relating to fiscal emergencies in units of local government; prescribing an effective date.|
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.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|