The Pennsylvania House of Representatives approved an amendment to Pennsylvania's fiscal code that would prevent Harrisburg and other cash-strapped cities from filing for bankruptcy until Nov. 30, the Harrisburg Patriot-News reported today. The legislation, S.B. 1263, is heading to the Senate for a vote and if approved, Gov. Tom Corbett's office said that the governor will sign the measure into law. An amendment the legislature made to the state’s fiscal code last year preventing Harrisburg from filing for chapter 9 protection expires tomorrow. Harrisburg officials, including Receiver William Lynch, said that bankruptcy should be the option of last resort for the cash-strapped city, but it should be an option the receiver's office has to use as a tool in negotiating a debt resolution with the city’s creditors.
