SF0005

Official summary

Bill Summary - 26LSO-0137 Bill No.: SF0005 Effective: Immediately LSO No.: 26LSO-0137 Enrolled Act No.: SEA No. 0010 Chapter No.: 13 Prime Sponsor: Joint Labor, Health & Social Services Interim Committee Catch Title: Hospital bankruptcy proceedings. Has Report: No Subject: Allows county memorial hospitals and hospital districts to file for bankruptcy. Summary/Major Elements: This act allows county memorial hospitals and hospital districts to file for bankruptcy under Chapter 9 of the United States Bankruptcy Code, subject to specified requirements. A bankruptcy petition for a county memorial hospital must be approved by the applicable board of county commissioners. If approved, the board of trustees for a county memorial hospital may move forward with the petition. Hospital districts may apply for bankruptcy without a vote of qualified electors, but the trustees of the hospital district must advertise the motion to file for bankruptcy. If the trustees decide to file for bankruptcy, the trustees must take all action necessary under Chapter 9 of the United States Bankruptcy Code. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.