LANSING (AP) – A plan to restructure Detroit’s ailing school district is set for review in a legislative committee.

The Senate Government Operations Committee will hold the first hearing on Gov. Rick Snyder’s plan Thursday. He’s proposing $715 million more in state funding over 10 years for the district, which he warns will start running out of money to pay bills this spring.

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Students would attend school in a new district, while the old one would remain intact to retire operating debt.

The legislation doesn’t yet identify a funding source.

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Snyder has announced the pending resignation of the district’s state-appointed emergency financial manager, Darnell Earley. Democrats in the Republican-led Legislature also want to eliminate an entity operating 15 low-performing Detroit schools and to return the district to full local control more quickly.

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