Connecticut § 7-566 Municipal petition to become a debtor.

Connecticut Statutes

§ 7-566 — Municipal petition to become a debtor.

Connecticut·Title 7 Municipalities·Ch. 117 Municipal Deficit Financing

No municipality shall file a petition to become a debtor under Chapter 9 of Title 11 of the United States Code without the express prior written consent of the Governor. If the Governor consents to a petition, he shall submit a report to the Treasurer and the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding which sets forth the reasons for consent.

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No municipality shall file a petition to become a debtor under Chapter 9 of Title 11 of the United States Code without the express prior written consent of the Governor. If the Governor consents to a petition, he shall submit a report to the Treasurer and the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding which sets forth the reasons for consent.

Connecticut § 7-566 (Municipal petition to become a debtor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.