Establishes the Local Government Bankruptcy Neutral Evaluation Act to facilitate pre-bankruptcy negotiations.

The Local Government Bankruptcy Neutral Evaluation Act allows local public entities to initiate a neutral evaluation process if they are unable to meet financial obligations. A neutral evaluator is selected to facilitate confidential discussions between the local entity and interested parties. The process aims to resolve disputes and avoid bankruptcy filing. Records from the neutral evaluation are exempt from disclosure. The Act also amends the Open Meetings Act and Freedom of Information Act to allow closed meetings and exempt records related to the neutral evaluation process.

Establishes the Local Government Bankruptcy Neutral Evaluation Act to facilitate pre-bankruptcy negotiations.

The Local Government Bankruptcy Neutral Evaluation Act allows local public entities to initiate a neutral evaluation process if they are unable to meet financial obligations. A neutral evaluator is selected to facilitate confidential discussions between the local entity and interested parties. The process aims to resolve disputes and avoid bankruptcy filing. Records from the neutral evaluation are exempt from disclosure. The Act also amends the Open Meetings Act and Freedom of Information Act to allow closed meetings and exempt records related to the neutral evaluation process.