Events

Under the Commonwealth’s receivership law, an advisory committee formally referred to as the Municipal Financial Recovery Advisory Committee (MFRAC) is established to meet and consult with the Receiver. The sole function of the MFRAC is to provide non-binding recommendations and feedback to the Receiver on the implementation of the Recovery Plan. The Receiver is required to consult with the MFRAC prior to exercising the powers afforded under the law. The MFRAC consists of four (4) members appointed as follows: The Chief Executive Officer, if any, of the distressed municipality or a designee; The president of the governing body of the distressed municipality or a designee; One member appointed by the County Council of the county where the distressed municipality is located; One member appointed by the Governor. The MFRAC meets on the 2nd and 4th Tuesday of every month at 1 PM EST. These meetings are live-streamed via the Receiver’s Facebook page which can be found at Office of the Receiver - City of Chester | Facebook. You can also find the MFRAC recordings from before 2/22/2022 on Youtube here, and the MFRAC’s after this date found here. Comments and questions to the Municipal Financial Recovery Advisory Committee may be submitted via info@chesterreceivership.com. For […]