Relating generally to fiscal emergencies of local governments

Added new sections establishing fiscal watch and fiscal emergency conditions, including specific thresholds for debt defaults, payroll failures, and deficit funds.

Added provisions prohibiting local governments from filing for federal bankruptcy relief without express written permission from the State Auditor.

Established a process for the State Auditor to declare fiscal watch or fiscal emergency conditions and require local governments to submit financial recovery plans within 90 days.

Modified the dissolution process to explicitly appoint the State Auditor as a special receiver upon forfeiture, voluntary dissolution, or involuntary dissolution of a municipality.

Added detailed definitions for terms such as 'fiscal emergency', 'fiscal watch', 'deficit fund', and 'employee benefits' to clarify application of the new provisions.

Added a severability clause to ensure that if any provision is found invalid, the remainder of the article remains in effect.

The official act title was updated to include two additional sections (6-9D-13 and 6-9D-14) that were not listed in the Engrossed version, likely due to final editorial corrections before enrollment.

The legislative history was updated to reflect the final passage date of April 12, 2025, and the effective date of 90 days from passage (July 11, 2025), replacing the committee report date of March 28, 2025.

Web navigation links, committee markup artifacts, and page numbers were removed as these are formatting elements not present in the final enrolled text.