the manager's pay under this version. If an emergency manager is appointed, when the manager files his plan with the state, the local governing board may propose an alternative plan which the Local Emergency Financial Board will select which version the manager will implement. After one year, the manager may be removed by a 2/3 vote of the governing body. A "transition advisory board" may be appointed after an emergency manager leaves a governmental unit and is to oversee the unit's finances. The law also allows the governor to impose a model charter or revise the existing one before the municipality exits receivership. School district dissolution PA 72 provided statute for school districts to also come under Emergency Financial Manager. These powers were further extended under Public Act 10 of 1999, a separate state control arrangement, under which Detroit Public Schools operated from 1999 through 2005 during the John Engler administration for academic reasons. At the time the state assumed control in 1999, Detroit Public Schools had a budget surplus of nearly $115 million. At the end of the 2005 school year, the final year of the state's initial period controlling Detroit Public Schools, the district had accumulated a $31 million deficit. Detroit Public Schools came under a financial emergency in 2009 under PA 72. With the expansion of emergency manager powers with PA 436, other schools have come under emergency management including school districts in the City of Muskegon Heights and City of Highland Park. On July 2, 2013, a school district dissolution provision was passed into law allowing school districts that are financially struggling to be dissolved by the state treasurer and state superintendent with the intermediate school district splitting up the district's territory between neighboring school districts. Dissolved school districts become a tax-collecting unit, under the intermediate school district's control, to pay off debts. Dissolved school districts Buena Vista School District (Michigan), July 30, 2013 Inkster Public Schools, July 25, 2013 Local Emergency Financial Assistance Loan Board The Local Emergency Financial Assistance Loan Board (ELB) is ex officio formed board consisting of the State Treasurer of Michigan, director of licensing and regulatory affairs and the Director of Technology, Management and Budget as members or their respective designees. The board selects the emergency manager and chooses between the emergency manager's cost-cutting plan and the local unit board's alternative plan. The ELB approves all major financial decisions over $10,000