Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

5 ILCS 120/2

from Ch. 102, par. 42

5 ILCS 140/7.5

Synopsis As Introduced
Creates the Chicago Bankruptcy Neutral Evaluation Act. Makes legislative findings. Defines terms. Authorizes the City of Chicago and the Chicago Public Schools to initiate a neutral evaluation process if the 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 Chicago Bankruptcy Neutral Evaluation Act are exempt from disclosure. Amends the Open Meetings Act. Provides that the City of Chicago and the Chicago Public Schools may hold closed meetings related to the Chicago Bankruptcy Neutral Evaluation Act. Amends the Freedom of Information Act. Makes conforming changes. Effective immediately.

Actions 

Date	Chamber	Action
1/22/2016	House	Filed with the Clerk by Rep. Ron Sandack
1/22/2016	House	Chief Co-Sponsor Rep. Jim Durkin
1/26/2016	House	First Reading
1/26/2016	House	Referred to Rules Committee
1/10/2017	House	Session Sine Die

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