Illinois House Bill 4500 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 22 2016 - 25% progression, died in committee
Action: 2016-02-04 - Added Chief Co-Sponsor Rep. Grant Wehrli
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

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. Effective immediately.

LOCAL GOV BANKRUPTCY NEUT EVAL

Rep. Ronald Sandack [R]

Rep. James Durkin [R]

Rep. Jeanne Ives [R]

Rep. Grant Wehrli [R]

Date	Chamber	Action
2016-02-04	House	Added Chief Co-Sponsor Rep. Grant Wehrli
2016-02-04	House	Added Chief Co-Sponsor Rep. Jeanne M Ives
2016-01-26	House	Referred to Rules Committee
2016-01-26	House	First Reading
2016-01-22	House	Chief Co-Sponsor Rep. Jim Durkin
2016-01-22	House	Filed with the Clerk by Rep. Ron Sandack

Chapter	Article	Section	Citation Type	Statute Text
5	120	2	Amended Code	Citation Text
5	140	7.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4500&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB4500.htm