Illinois General Assembly - Bill Status for HB4500
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 Bill Status of HB4500  99th General Assembly


House Sponsors
Rep. Ron Sandack - Jim Durkin - Jeanne M Ives - Grant Wehrli

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 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.

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
  2/4/2016HouseAdded Chief Co-Sponsor Rep. Jeanne M Ives
  2/4/2016HouseAdded Chief Co-Sponsor Rep. Grant Wehrli
  1/10/2017HouseSession Sine Die

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