AB 155 was approved today by the Senate Local Government Committee on a 3-1 vote. The Committee focused its discussions on new amendments that provide an alternative to the CDIAC process. Unfortunately, the potential for significant delay still exists, placing local programs and services at risk.
AB 155 – Bankruptcy Bill Moves to the Inactive File
It’s baaack… AB 155 will be heard by the Senate Local Government Committee on April 21. Ask yourself this: When your local agency faces an unprecedented fiscal crisis, exhausted all available remedies, and needs to restructure its finances, do you want the State of California to tell you what you can do next? Thought so.