Pa. Gov. Authorizes Takeover Of Strapped State Capital

Law360, New York (October 20, 2011, 12:21 PM EDT) -- Pennsylvania Gov. Tom Corbett on Thursday signed legislation allowing the state to take over its financially troubled capital, Harrisburg, which recently filed a Chapter 9 bankruptcy petition at the behest of its city council.

Pennsylvania Senate Bill 1151, passed by the state senate on Tuesday, empowers the governor to declare a state of fiscal emergency in the capital city and appoint a receiver to run its finances and oversee the continuation of vital services, including police, firefighting, water, trash collection, payroll, and pension and debt payments....
To view the full article, register now.