§ 774 — Proposed dissolution plan

§ 774. Proposed dissolution plan. 1. The governing body of a local\ngovernment entity may, by resolution, endorse a proposed dissolution\nplan for the purpose of commencing dissolution proceedings under this\narticle.\n 2. The proposed dissolution plan shall specify:\n (a) the name of the local government entity to be dissolved;\n (b) the territorial boundaries of the entity;\n (c) the type and/or class of the entity;\n (d) a fiscal estimate of the cost of dissolution;\n (e) any plan for the transfer or elimination of public employees;\n (f) the entity's assets, including but not limited to real and\npersonal property, and the fair value thereof in current money of the\nUnited States;\n (g) the entity's liabilities and indebtedness, bonded and otherwise,\nand the fair value thereof in current money of the United States;\n (h) any agreements entered into with the town or towns in which the\nentity is situated in order to carry out the dissolution;\n (i) the manner and means by which the residents of the entity will\ncontinue to be furnished municipal services following the entity's\ndissolution;\n (j) terms for the disposition of the entity's assets and the\ndisposition of its liabilities and indebtedness, including the levy and\ncollection of the necessary taxes and assessments therefor;\n (k) findings as to whether any local laws, ordinances, rules or\nregulations of the entity shall remain in effect after the effective\ndate of the dissolution or shall remain in effect for a period of time\nother than as provided by section seven hundred eighty-nine of this\ntitle;\n (l) the effective date of the proposed dissolution;\n (m) the time and place or places for a public hearing or hearings on\nthe proposed dissolution plan pursuant to section seven hundred\nseventy-six of this title; and\n (n) any other matter desirable or necessary to carry out the\ndissolution.\n