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Committee backs bill allowing bankruptcy judge to authorize bonds to repair a failing county water system
CITY, COUNTY & LOCAL AFFAIRS COMMITTEE - SENATE · April 4, 2023
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Summary
Rep. Rick McClure said HB 16 36 enables a bankruptcy judge to authorize bond issuance to finance repairs for a water system in Hot Spring County placed in receivership; the committee approved the bill to help restore service to about 750 homes and multiple businesses.
Representative Rick McClure (District 29) told the committee that HB 16 36 would permit a bankruptcy judge to authorize a bond issue to finance repairs for a water system in Hot Spring County…
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