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Bill Information

Regular Session 1987-1988
Senate Bill 864

Short Title:
An Act empowering the Department of Community Affairs to declare certain municipalities as financially distressed; providing for the restructuring of debt of financially distressed municipalities; limiting the ability of financially distressed municipalities to obtain government funding; authorizing municipalities to participate in Federal debt adjustment actions and bankruptcy actions under certain circumstances; and providing for consolidation or merger of contiguous municipalities to relieve financial distress.
Prime Sponsor:
Last Action:
Act No. 47 of 1987, July 10, 1987
Printer's No.:
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