Southeastern Public Service Authority; authorized to file petition in bankruptcy. (HB1871)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Southeastern Public Service Authority; bankruptcy. Authorizes the Southeastern Public Service Authority of Virginia to file a petition in bankruptcy upon a majority vote of its boards, or to undergo involuntary bankruptcy upon petition of one or more of its members to the Governor and filing of an involuntary bankruptcy petition by the Commonwealth under Title 11 of the United States Code. The bill further authorizes the Southeastern Public Service Authority to appoint a receiver to manage, operate, or liquidate its assets upon a majority vote of the board or to undergo receivership by order of a circuit court of one of its members petitioning for same. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2009Committee
01/12/2009Prefiled and ordered printed; offered 01/14/09 092039472
01/12/2009Referred to Committee on General Laws
01/16/2009Assigned GL sub: FOIA
02/04/2009Assigned GL sub: Professions/Occupations/Administrative Process
02/04/2009Subcommittee recommends laying on the table by voice vote
02/10/2009Left in General Laws