Pennsylvania amends Act 47 to give the Commonwealth more oversight and its municipalities less time to reorganize

Pennsylvania’s legislature recently approved House Bill No. 1773, an overhaul to its Municipalities Financial Recovery Act, commonly known as “Act 47.”  HB 1773 was signed into law by Governor Tom Corbett on October 31, 2014.

Filed under:
USA, Pennsylvania, Insolvency & Restructuring, Public, Mintz
Authors:
William W. Kannel , Adrienne K. Walker
Location:
USA
Firm:
Mintz