Legislation
SECTION 85.60
Modification of plan
Local Finance (LFN) CHAPTER 33-A, ARTICLE 2, TITLE 6-A
§ 85.60 Modification of plan. At any time prior to the entry of an
order approving or disapproving a repayment plan pursuant to section
85.40 of this title, the municipality, with the approval of its
financial emergency control board, or any such board with or without the
approval of the municipality, may file modifications thereof, subject to
the power of the court to enter an order prohibiting the filing of a
further modification if it finds, after a hearing, that such
modification or any prior modification or the repayment plan was not
filed in good faith. At any time subsequent to the entry of an order
approving a repayment plan, any such modifications may only be filed by
leave of the court, after a hearing. Upon the filing at any time of any
modification of a repayment plan, the court shall hold a hearing
pursuant to section 85.40 of this title and shall enter an order
continuing or extending such stay as may then be in effect pursuant to
section 85.30 or 85.40 of this title for such additional period of time
as may be required to permit the court to enter an order pursuant to
section 85.40 of this title with respect to the modified plan.
order approving or disapproving a repayment plan pursuant to section
85.40 of this title, the municipality, with the approval of its
financial emergency control board, or any such board with or without the
approval of the municipality, may file modifications thereof, subject to
the power of the court to enter an order prohibiting the filing of a
further modification if it finds, after a hearing, that such
modification or any prior modification or the repayment plan was not
filed in good faith. At any time subsequent to the entry of an order
approving a repayment plan, any such modifications may only be filed by
leave of the court, after a hearing. Upon the filing at any time of any
modification of a repayment plan, the court shall hold a hearing
pursuant to section 85.40 of this title and shall enter an order
continuing or extending such stay as may then be in effect pursuant to
section 85.30 or 85.40 of this title for such additional period of time
as may be required to permit the court to enter an order pursuant to
section 85.40 of this title with respect to the modified plan.