{"code":"GOV","codeName":"Government Code","section":"53760","citation":"Gov. Code, § 53760","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","url":"https://blackletter.si/government-code/title-5/division-2"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1"},{"name":"CHAPTER 4. Financial Affairs [53600. - 53997.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4"},{"name":"ARTICLE 5. Bankruptcy [53760. - 53760.9.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4/article-5"}],"history":"Amended by Stats. 2011, Ch. 675, Sec. 2.   (AB 506)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>A local public entity in this state may file a petition and exercise powers pursuant to applicable federal bankruptcy law if either of the following apply:<p>(a) The local public entity has participated in a neutral evaluation process pursuant to Section <a href=\"/gov/53760.3\">53760.3</a>.</p><p>(b) The local public entity declares a fiscal emergency and adopts a resolution by a majority vote of the governing board pursuant to Section <a href=\"/gov/53760.5\">53760.5</a>.</p></p>","text":"A local public entity in this state may file a petition and exercise powers pursuant to applicable federal bankruptcy law if either of the following apply: (a) The local public entity has participated in a neutral evaluation process pursuant to Section 53760.3. (b) The local public entity declares a fiscal emergency and adopts a resolution by a majority vote of the governing board pursuant to Section 53760.5.","otherVersions":[],"url":"https://blackletter.si/government-code/bankruptcy-53760","source":"California Legislative Information bulk export (pubinfo)"}