Date	Chamber	Action
2/18/2025	House	Referred to Rules Committee

Statutes Amended In Order of Appearance

New Act

5 ILCS 120/2

from Ch. 102, par. 42

5 ILCS 140/7.5

Synopsis As Introduced
Creates the Local Government Bankruptcy Neutral Evaluation Act. Makes legislative findings. Defines terms. Authorizes a local public entity to initiate a neutral evaluation process if that entity is unable to meet its financial obligations. Provides for the selection and qualification of an evaluator, the evaluation process, cessation of an evaluation, declaration of a fiscal emergency, and definition of liabilities. Provides that records prepared for or used in connection with the Local Government Bankruptcy Neutral Evaluation Act are exempt from disclosure. Amends the Open Meetings Act. Provides that a public body may hold closed meetings related to the Local Government Bankruptcy Neutral Evaluation Act. Amends the Freedom of Information Act. Makes conforming changes. Effective immediately.

Actions 

Date	Chamber	Action
2/6/2025	House	Filed with the Clerk by Rep. Steven Reick
2/18/2025	House	First Reading
2/18/2025	House	Referred to Rules Committee

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