BlackletterCalifornia law

Government Code § 53760

ARTICLE 5. Bankruptcy

Current as of September 28, 2026Gov. Code, § 53760Official source ↗

Amended by Stats. 2011, Ch. 675, Sec. 2. (AB 506) Effective January 1, 2012.

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.