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