Gov. Snyder signs EFM law into effect - WNEM TV 5

Gov. Snyder signs EFM law into effect

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Gov. Rick Snyder has signed Senate Bill 865 regarding Emergency Financial Managers into law.

The law allows the city of Flint's former Emergency Financial Manager Mike Brown to be reinstated. The current law prohibits previously elected city officials to serve as an EFM.

Brown served as Flint's interim mayor. But Flint City Council members are calling the law a power grab.

The law can't eliminate collective bargaining, but Flint Mayor Dayne Walling says it can void contracts with city workers.

Snyder was expected to sign the bill Wednesday, but did not, citing weather conditions.

The bill allows the state to intervene in units of local government that experience financial emergencies. The new law also expands the power of emergency managers in order to better equip them with the tools needed to address a local unit's financial emergency.

An Emergency Manager can only be put in place if local elected officials fail to take the steps necessary to prevent a financial emergency. The goal is to give emergency managers the tools they need to protect residents and address local government financial emergencies.

The new law takes effect in late March.

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