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To make and enter into contracts necessary to perform its duties.
To make recommendations and implement cost reductions and revenue increases to achieve
balanced budgets and carry out the recovery plan.
To make reductions in force to bring district’s budget into balance not withstanding any
provisions to the contrary in the collective bargaining agreement.
Financial Recovery Plan for Fiscal Emergency Districts
(Section 3316.06 of Revised Code)
Within 120 days after its first meeting, the commission shall adopt a financial recovery plan.
Any recovery plan may be amended subsequent to its adoption but must be updated annually.
The State Superintendent shall review the recovery plan and either approve or disapprove it within
thirty days from its submission. If the plan is disapproved, the State Superintendent shall
recommend modifications that will render it acceptable.
No commission shall implement a recovery plan unless the State Superintendent approves it.
Section 3316.061 of the Revised Code
If the commission fails to submit an acceptable plan or if the State Superintendent and director of
OBM find that a commission is not materially complying with the recovery plan, the two may jointly
dissolve the commission and appoint a fiscal arbitrator.
Last Modified: 5/17/2013 11:19:14 AM