HB 6030 Summary

• Eliminates the emergency manager option for local governments experiencing financial emergencies, requiring them to choose between consent agreements, neutral evaluation processes, or Chapter 9 bankruptcy instead.

• Establishes a mandatory 60-day renegotiation period for collective bargaining agreements when a local government enters a consent agreement, with binding arbitration required if parties cannot reach agreement.

• Reduces asset sale thresholds from $50,000 to $10,000 and prohibits emergency managers from selling any real property owned by local governments.

• Requires state funding (rather than local government funding) for attorney general litigation expenses related to receivership proceedings and post-receivership litigation costs for emergency managers and their staff.

• Takes effect 90 days after enactment and is contingent on passage of HB 6031 and HB 6032 in the same legislative session.