2005 Senate Bill 461 ↩

Senate Roll Call 448: Passed

To revise the law that authorizes the governor to (indirectly) appoint an emergency financial manager for a local government experiencing a “serious financial problem” (insolvency). Under current law, the actual emergency financial manager is appointed by a board of three cabinet members (who serve at the pleasure of the governor). The bill would require this board to submit three nominees, one of whom would be chosen by the governor with the advice and consent of the Senate. It would also require an emergency financial manager to submit quarterly reports to local officials and to the legislature.