Illinois General Assembly - Bill Status for HB4499
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 Bill Status of HB4499  99th General Assembly


Short Description:  CHICAGO BANKRUPTCY NEUT EVAL

House Sponsors
Rep. Ron Sandack - Jim Durkin

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

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 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 
DateChamber Action
  1/22/2016HouseFiled with the Clerk by Rep. Ron Sandack
  1/22/2016HouseChief Co-Sponsor Rep. Jim Durkin
  1/26/2016HouseFirst Reading
  1/26/2016HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

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