1st Engrossment - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to municipalities; authorizing bankruptcy 1.3 filing; proposing coding for new law in Minnesota 1.4 Statutes, chapter 471. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [471.831] [MUNICIPALITY MAY FILE BANKRUPTCY 1.7 PETITION.] 1.8 Subdivision 1. [ANY RELIEF UNDER BANKRUPTCY CODE.] A 1.9 municipality, as defined in subdivision 2, may file a petition 1.10 and seek any relief available to it under United States Code, 1.11 title 11, as amended through December 31, 1996. 1.12 Subd. 2. [MUNICIPALITY DEFINED.] In this section, 1.13 "municipality" means a municipality as defined in United States 1.14 Code, title 11, section 101, as amended through December 31, 1.15 1996, but only one that is either a county, a town, or a 1.16 statutory or home rule charter city. 1.17 Sec. 2. [EFFECTIVE DATE.] 1.18 Section 1 is effective the day following its final 1.19 enactment.