99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
Introduced , by Rep. Ron Sandack
SYNOPSIS AS INTRODUCED:
Amends the Illinois Municipal Code. In provisions concerning finance,
provides that a municipality may file a petition and exercise powers
pursuant to applicable federal bankruptcy law. Effective immediately.
A BILL FOR
|HB0298||LRB099 06384 AWJ 26454 b|
AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Municipal Code is amended by adding
Section 8-1-19 as follows:
(65 ILCS 5/8-1-19 new)
Any municipality may
file a petition and exercise powers pursuant to applicable
federal bankruptcy law.
This Act takes effect upon