Now that Harrisburg has missed the deadline to issue a financial recovery plan to the state, Pa. Gov. Tom Corbett has nominated bond attorney David Unkovic as the receiver to take over the city.
There are some important dates the Patriot-News tells us to keep in mind:
The court has 15 days to hold a hearing on Unkovic’s appointment.
Unkovic has 30 days from his appointment to implement a financial recovery plan for the city.
The court has 60 days from today to decide whether Unkovic can lead the city out of its $317 million debt.
Unkovic has spent the last four months as Chief Counsel to the Department of Community and Economic Development and before that worked with Philadelphia’s Cozen O’Connor financial group.