62
      Saturday
      74 / 68
      Sunday
      82 / 63
      Monday
      86 / 69

      Mich. governor signs new emergency manager law


      Gov. Rick Snyder has signed a law that gives distressed communities the ability to choose an emergency manager or other remedies to fix their finances.


      The bill was approved by lawmakers after voters repealed an emergency-manager law in the fall election. Snyder's office said Thursday that the law is among 19 signed by the governor, just a portion of the dozens of bills that still are on his desk.


      If a review team finds that a financial emergency exists, local governments and school districts have four choices, including an emergency manager, bankruptcy or a reform plan with the state.


      The law won't start until late March. Under the old law, the power to send an emergency manager rested solely with the governor.

      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER