« Ind. Gov't. - "The Campaign Waiting for Mitch Daniels" | Main | Ind. Courts - "Legislature votes to eliminate judicial retirement age of 70" »
Friday, April 29, 2011
Ind. Gov't. - "Outlook gloomy for tool to help broke local governments"
Dan Carden of the NWI Times reports:
The sponsor of legislation giving financially distressed local governments a tool to avoid bankruptcy is pessimistic it will be approved in the waning hours of the 2011 legislative session.State Sen. Ed Charbonneau, R-Valparaiso, said Thursday that Senate Bill 105 is "in limbo" and "there's not much likelihood" it will pass. * * *
The House removed a provision allowing a local government to file for bankruptcy if the emergency manager failed to improve the unit's financial condition.
Charbonneau tried to restore that component during a House-Senate conference committee Wednesday that ended with most committee members finding other reasons to oppose the plan.
Posted by Marcia Oddi on April 29, 2011 11:15 AM
Posted to Indiana Government