[3] All current EM except for Michael Brown in Flint were reappointed as EFM by the Local Emergency Financial Assistance Loan Board.
Brown was previously a Flint City employee in the past five years and was not eligible under PA 72 to be an EFM.
[9] In August, a transition advisory board was appointed for the City of Pontiac which included the then emergency manager.
If a financial emergency existed but local officials had a viable plan to correct the situation, then the panel could recommend a consent agreement.
Then within 30 days, they must provide a final report to the Local Emergency Financial Assistance Review Board (ELB).
[18] The law also allows the governor to impose a model charter or revise the existing one before the municipality exits receivership.
[20] At the time the state assumed control in 1999, Detroit Public Schools had a budget surplus of nearly $115 million.
[27] The Local Emergency Financial Assistance Loan Board (ELB) is ex officio formed board consisting of the State Treasurer of Michigan, director of licensing and regulatory affairs and the Director of Technology, Management and Budget as members or their respective designees.
[6] The ELB approves all major financial decisions over $10,000 while a municipality is under emergency management, including transfers of publicly owned assets.
[31] Managers have complete control over the local unit with the ability to reduce pay, outsource work, reorganize departments and modify employee contracts.