Section 115.4. Municipal distress coordinator

(a) The coordinator is responsible for developing and filing a plan for the financial recovery of the municipality.

(b) The coordinator shall be an individual or firm experienced in municipal finance and administration.

(c) The coordinator may be an employe of the Department, a consultant or a firm. The coordinator may not be an elected official or an employe of the municipality.

(1) A coordinator will be selected by the Secretary.

(2) The Secretary may consider the municipality’s preference in the selection of the coordinator.

(3) The Department will maintain a list of eligible, qualified coordinators.

(4) The salary and expenses of the coordinator will be paid by the Department.

(d) The coordinator may not seek elective office within the municipality for 2 years after final adoption of the distressed municipality’s financial recovery plan.