a. The board may issue remedial orders to a municipality receiving discretionary aid pursuant to this act directing it to:
(1) Maximize revenues;
(2) Maximize surplus to a prudent level;
(3) File schedules along with the budget showing municipal revenues not anticipated;
(4) Add municipal revenues to the budget not anticipated;
(5) Maximize its tax collection rate in order to minimize its reserve for uncollected taxes, using prudent fiscal practices;
(6) Reduce appropriations deemed by the board to be excessive; and
(7) Undertake other appropriate activities consistent with this section to reduce property taxes.
b. The board shall require, as a condition for the release of discretionary aid funds to a municipality, that the director certify that a municipality has complied with remedial orders issued by the board.