Truly Agreed, 2016


View proposed language

CCS#2 HCS SS SCS SB 572, 2016    (New Section - as Truly Agreed)    

71.980. Notwithstanding any provision to the contrary, the state shall not be held liable for the debts of a municipality that is financially insolvent. For purposes of this section, a municipality is financially insolvent if it is not paying its debts as they become due, unless such debts are the subject of a bona fide dispute, or is unable to pay its debts as they become due.


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