Bill Status of HB3212

  1. Home
  2. Legislation
  3. Bill Status

HB3212 - 104th General Assembly

LOCAL GOV BANKRUPTCY NEUT EVAL
Last Action
2/18/2025 - House: Referred to Rules Committee
House Sponsors
Rep. Steven Reick
Statutes Amended In Order of Appearance
New Act
5 ILCS 120/2from Ch. 102, par. 42
5 ILCS 140/7.5
Synopsis As Introduced
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.
Actions
Date Chamber Action
2/06/2025 House Filed with the Clerk by Rep. Steven Reick
2/18/2025 House First Reading
2/18/2025 House Referred to Rules Committee