UPDATE: LANSING - The Emergency Manager Law, also known as Public Act 4, which was struck down by voters this past November.

Gov. Snyder signed that bill into law two days after Christmas.

This new law provides more options for communities or school districts that do end up in financial distress by providing alternatives to either accept a financial manager, declare bankruptcy, join into a state partnership or enter mediation.

Proponents say the bill allows more local input and doesn't force an emergency manager on any local government.

Unlike that previous law, this one can't be overturned by a referendum, however, according to Michigan Radio's Rick Pluta, opponents of the new law still have options to repeal it.

"But to initiate a new law that would repeal and replace this law that they don't like," Pluta said.

"The bar is set a little higher, you have to gather more petition signatures but there is still a path to the ballot for the people shoe don't like the new emergency manager law."

The new law will go into effect at the end of March.


ORIGINAL STORY: LANSING - It was an eventful last few weeks in 2012 for Michigan lawmakers.