Cal. Gov. Code § 53760

Current through the 2024 Legislative Session.

Section 53760 - Authority to file petition; requirements

A local public entity in this state may file a petition and exercise powers pursuant to applicable federal bankruptcy law if either of the following apply:

(a) The local public entity has participated in a neutral evaluation process pursuant to Section 53760.3.

(b) The local public entity declares a fiscal emergency and adopts a resolution by a majority vote of the governing board pursuant to Section 53760.5.

Ca. Gov. Code § 53760

Amended by Stats 2011 ch 675 (AB 506),s 2, eff. 1/1/2012.

Added by Stats 2002 ch 94 (SB 1323), s 4, eff. 1/1/2003.