This bill amends existing law to authorize the trustees of county memorial hospitals and boards of county commissioners in Wyoming to initiate bankruptcy proceedings on behalf of these hospitals. Specifically, it allows trustees to vote to file for bankruptcy under Chapter 9 of the United States Bankruptcy Code or to dissolve and terminate the hospital. The bill outlines that any such action requires the approval of the board of county commissioners, ensuring that the decision to file for bankruptcy or dissolve the hospital is not made unilaterally by the trustees.

Additionally, the bill specifies that if the board of county commissioners approves the bankruptcy petition and initial plan for debt adjustment or the dissolution plan, the trustees are empowered to take necessary actions to confirm the bankruptcy plan or to effectuate the dissolution of the hospital. The effective date for this legislation is set for July 1, 2026.

Statutes affected:
26LSO-0137 v0.4: 18-8-109