SB 956 Specifies that the state is not liable for, and shall not pay, the debts of financially insolvent municipalities
Sponsor: Chappelle-Nadal
LR Number: 6074S.01I Fiscal Notes
Committee: Governmental Accountability and Fiscal Oversight
Last Action: 2/3/2016 - Hearing Conducted S Governmental Accountability and Fiscal Oversight Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2016

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Current Bill Summary


SB 956 - This act specifies that the state is not liable for, and shall not pay, the debts of a municipality that is financially insolvent.

This provision is identical to a provision of the truly agreed to and finally passed CCS#2/HCS/SS/SCS/SB 572 (2016).

MEGHAN LUECKE