Pa. Senate Moves Toward State Takeover Of Capital City

Law360, New York (October 18, 2011, 6:42 PM EDT) -- The Pennsylvania Senate on Tuesday approved a bill that would open the door to a state takeover of its financially troubled capital, Harrisburg, which recently filed a Chapter 9 bankruptcy petition that its mayor and the state stridently oppose.

Pennsylvania Senate Bill 1151, which was passed in a 37-13 vote, would empower the governor to declare a state of fiscal emergency in the capital city based on its failure to meet financial obligations and adopt a financial recovery plan under the Municipal Financial Recoveries Act, or...
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