Sec. 3. (a) The governing body appointed under section 2 of this chapter shall serve in an advisory capacity to the distressed unit appeal board and the emergency manager appointed by the distressed unit appeal board under IC 6-1.1-20.3, until the later of:
(1) July 1, 2024; or
(2) a date on which the school corporation's status as a distressed political subdivision is terminated.
(b) Notwithstanding subsection (a), the governing body appointed under section 2 of this chapter may select a superintendent or executive leader for the school corporation whose employment would begin on the later of:
(1) July 1, 2024; or
(2) a date on which the school corporation's status as a distressed political subdivision is terminated.
(c) Notwithstanding subsection (a), the governing body appointed under section 2 of this chapter may vote to make the appointments to the library board under IC 36-12-2-9(3).