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
• Committee: Governmental Accountability and Fiscal Oversight
• Last Action: 2/3/2016 - Hearing Conducted S Governmental Accountability and Fiscal Oversight Committee
• Effective Date: August 28, 2016

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