CF officially out of receivership

Dee DeQuattro

ddequattro@abc6.com

The receivership in Central
Falls is officially over.

A letter was delivered to Central Falls Mayor James Diossa at
City Hall on Monday afternoon officially announcing the receivership dissolved.

In 2010 Central
Falls was taken over by a state receiver and went into
municipal bankruptcy.

Last fall a federal bankruptcy judge signed off on a five
year plan to help the cash-strapped city recover.

Today authority over the city and its finances has been
officially returned to the city's elected officials.