or officials, or request by a state legislator or state treasurer. If the review found that a financial emergency existed, the Local Emergency Financial Assistance Loan Board would make the appointment of an emergency financial manager for the governmental unit. Public Act 72 of 1990 broadened the Emergency Financial Manager powers to handle all matters of finances of the city and provided a statute to also apply to public school districts. Public Act 4 of 2011 Public Act 4 amended and expanded the procedure. The Michigan Department of Treasury would conduct a preliminary examination of troubled local governments. If "probable financial stress" were found, a financial review would be ordered. The Governor of Michigan and other officials would appoint the eight members of a financial review panel, which could report back to the Governor indicating that the local government is in "mild financial stress, severe financial stress or a financial emergency" within 60 days. If a financial emergency existed but local officials had a viable plan to correct the situation, then the panel could recommend a consent agreement. Otherwise, the panel could recommend an emergency manager to take control of the local government. The Governor was given 10 days after the panel reported its findings to choose an option. The local government then had seven days to request a hearing by the Governor or his designee to appeal the decision. Local governments were required to pay the emergency manager. Public Act 436 of 2012 The Local Financial Stability and Choice Act of 2012 includes several triggers for a preliminary review: board requesting a review via resolution, local petition of 5 percent of gubernatorial election voters requesting one, creditor's written request, missed payroll, missed pension payments, deficit-elimination plan breach or lack of such a plan within 30 days after its due day, a legislative request. As with the previous law, various reviews are taken before any actions are made. The State Financial Authority, either the State Treasurer or Superintendent of Public Instruction, must provide an interim report within 20 days of creating a preliminary review to the local government. Then within 30 days, they must provide a final report to the Local Emergency Financial Assistance Review Board (ELB). If the review finds a financial emergency exists, the local government is given four different choices: a consent agreement, chapter 9 bankruptcy, mediation or emergency manager. Under this law, the State government pays