CHICAGO BANKRUPTCY NEUT EVAL House SponsorsRep. Ron Sandack-Jim Durkin 1/10/2017HouseSession Sine Die New Act5 ILCS 120/2from Ch. 102, par. 425 ILCS 140/7.5 Creates the Chicago Bankruptcy Neutral Evaluation Act. Makes legislative findings. Defines terms. Authorizes the City of Chicago and the Chicago Public Schools to initiate a neutral evaluation process if the 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 Chicago Bankruptcy Neutral Evaluation Act are exempt from disclosure. Amends the Open Meetings Act. Provides that the City of Chicago and the Chicago Public Schools may hold closed meetings related to the Chicago Bankruptcy Neutral Evaluation Act. Amends the Freedom of Information Act. Makes conforming changes. Effective immediately. 1/22/2016HouseFiled with the Clerk by Rep. Ron Sandack 1/22/2016HouseChief Co-Sponsor Rep. Jim Durkin 1/26/2016HouseFirst Reading 1/26/2016HouseReferred to Rules Committee 1/10/2017HouseSession Sine Die