Local Agencies — California Government Code — Cities, Counties, And Other Agencies — Financial Affairs — Bankruptcy — Authority to file petition; requirements Date: 15 Sep 2016 TEXT PDF Current through the 2016 Legislative Session A local public entity in this state may file a petition and exercise powers pursuant to applicable federal bankruptcy law if either of the following apply: (a) The local public entity has participated in a neutral evaluation process pursuant to Section 53760.3. (b) The local public entity declares a fiscal emergency and adopts a resolution by a majority vote of the governing board pursuant to Section 53760.5. Ca. Gov. Code § 53760 Amended by Stats 2011 ch 675 (AB 506),s 2, eff. 1/1/2012. Added by Stats 2002 ch 94 (SB 1323), s 4, eff. 1/1/2003.