AB 155 - Local Government Bankruptcy Restrictions - California Key Vote
Ed Hernandez voted Yea (Passage) on this Legislation.
Timeline
- Referred to Committee
- June 18, 2009
- House Bill Passed
- June 3, 2009
- Introduced
- Jan. 26, 2009
Related Issues
Stage Details
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).
Title: Local Government Bankruptcy Restrictions
- Julia A. Brownley (CA - D) (Out Of Office)
- Joe Coto (CA - D) (Out Of Office)
- Mark J. DeSaulnier (CA - D) (Out Of Office)
- Felipe Fuentes (CA - D) (Out Of Office)
- Warren Furutani (CA - D) (Out Of Office)
- Paul Krekorian (CA - D) (Out Of Office)
- Ted W. Lieu (CA - D) (Out Of Office)
- Carol Liu (CA - D) (Out Of Office)
- Fiona Ma (CA - D) (Out Of Office)
- Pedro Nava (CA - D) (Out Of Office)
- Curren De Mille Price Jr. (CA - D) (Out Of Office)
- V. Manuel Pérez (CA - D) (Out Of Office)
- John A. Pérez (CA - D) (Out Of Office)
- Alberto Torrico (CA - D) (Out Of Office)
- Patricia A. 'Pat' Wiggins (CA - D) (Out Of Office)
- Mariko Yamada (CA - D) (Out Of Office)