Lawyer says he'd accept state receiver for Central Falls
Providence, R.I. – A lawyer for Central Falls says he's willing to accept a state-appointed receiver to oversee the city's finances.
The lawyer, Joseph Larisa, said earlier this week that he planned to challenge the state's efforts to move the city out of judicial receivership and onto a separate path of state oversight for financially troubled cities.
Central Falls last month was appointed a temporary receiver by a judge. But a new law prohibits cities and towns from seeking judicial receivership and instead offers a three-tier track with a state receiver.
But Larisa said Thursday he was satisfied that a state-appointed receiver with the power to seek federal bankruptcy protection would have the necessary authority to help the city.
The Central Falls City Council is scheduled to meet Thursday evening to consider having a state receiver.