Pa. House Backs Harrisburg Receivership Bill

Law360, New York (September 28, 2011, 6:50 PM EDT) -- The Pennsylvania House of Representatives on Wednesday overwhelmingly approved a scheme that could put Harrisburg, on the brink of bankruptcy, under a state-appointed receiver's control if its city council doesn't approve a plan to handle a $300 million debt crisis.

The lower house of the Pennsylvania General Assembly voted 185-9 to approve the course of action, which gives the state capital's city leaders one month to approve their own debt crisis plan after the failure of several previous efforts. If that does not happen, the bill...
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