This bill authorizes county memorial hospitals and hospital districts in Wyoming to file for bankruptcy under Chapter 9 of the United States Bankruptcy Code. It amends existing statutes to allow the trustees of these entities to vote to file for bankruptcy or to dissolve and terminate the hospital or district. The bill stipulates that any bankruptcy petition and initial plan for debt adjustment must be approved by the board of county commissioners before becoming effective. Additionally, it requires that the bankruptcy petition and plan be publicly posted for at least seven days prior to the trustees' meeting where the petition will be considered.

Furthermore, the bill specifies that filing for bankruptcy will not require a vote from qualified electors, streamlining the process for hospital districts. If the trustees approve the bankruptcy petition, they are empowered to take all necessary actions to confirm the plan of adjustment and close the bankruptcy case. The effective date for this act is set for July 1, 2026.

Statutes affected:
Introduced: 18-8-109, 35-2-438