Michigan Laws 141.1564 – Determination that financial conditions not corrected; appointment of new emergency manager
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Terms Used In Michigan Laws 141.1564
- Emergency manager: means an emergency manager appointed under section 9. See Michigan Laws 141.1542
- Local government: means a municipal government or a school district. See Michigan Laws 141.1542
- Receivership: means the process under this act by which a financial emergency is addressed through the appointment of an emergency manager. See Michigan Laws 141.1542
The governor may, upon his or her own initiative or after receiving a recommendation from a receivership transition advisory board, determine that the financial conditions of a local government have not been corrected in a sustainable fashion as required under section 9(7) and appoint a new emergency manager.