(a) Subject to the requirements of this section, the trustees of a hospital district may vote to file bankruptcy under chapter 9 of the United States bankruptcy code or to dissolve and terminate the district. The plan to dissolve and terminate the district shall provide for the following: (i) Payment of all bonded and other indebtedness against the district; (ii) Disposition of assets of the district upon dissolution. The assets may either be donated to a nonprofit or governmental hospital or health care facility which provides services to the residents of the hospital district upon such conditions as agreed to by the nonprofit or governmental hospital or health care facility, or conveyed to the county to be used solely for health care purposes by the county. (b) Before any plan to dissolve and terminate a hospital district is effective, the plan shall be approved by a majority of the qualified electors of the hospital district who vote on the question. The vote on the question may be submitted to the qualified electors at an election following the provisions of W.S. 22-29-404 as applicable. The question to be presented to the qualified electors is: "Shall Hospital District .... be dissolved in accordance with the plan of dissolution approved by the board of trustees?" Yes No (c) If the qualified electors of the district approve the dissolution and termination plan, the board of trustees are empowered to take all action necessary to effectuate the plan and dissolve and terminate the hospital district. (d) Filing of bankruptcy under subsection (a) of this section shall not require a vote of qualified electors. Before any vote by the trustees of a hospital district to file bankruptcy, the bankruptcy petition and initial plan for adjustment of debts shall be posted on any website operated by the district and be publicly available for a period of not less than seven (7) days prior to the first public meeting of the trustees where the petition and plan will be considered. If the trustees approve the bankruptcy petition and initial plan for adjustment of debts, the trustees may take all action necessary to obtain confirmation of the plan of adjustment and closure of the case under chapter 9 of the United States bankruptcy code.
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