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Key Votes

AB 155 - Local Government Bankruptcy Restrictions - Key Vote

California Key Votes

Brian Nestande voted Nay (Passage) on this Legislation.

Read statements Brian Nestande made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Referred to Committee (Senate) -
Legislation - Bill Passed (House) (47-25) - (Key vote)

Title: Local Government Bankruptcy Restrictions

Vote Smart's Synopsis:

Vote to pass a bill that restricts local governments from filing for bankruptcy unless they obtain approval from the California Debt and Investment Advisory Commission.

Highlights:
-Requires local public entities to obtain approval from the California Debt and Investment Advisor Commission before filing for bankruptcy protection (Sec. 2). -Allows the California Debt and Investment Advisor Commission to either grant or deny a request to file for bankruptcy protection within 5-30 business days after a public hearing. Also gives the Commission authority to determine the nature and extent of relief granted to a public entity (Sec. 2, 3).
Legislation - Introduced (House) -

Title: Local Government Bankruptcy Restrictions

Sponsors

  • Tony Mendoza (CA - D) (Out Of Office)

Co-sponsors

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