Follow CBSMIAMI.COM: Facebook | Twitter

OPA-LOCKA (CBSMiami) – Gov. Rick Scott has declared a financial emergency for the city of Opa-locka.

READ MORE: Florida Is Ditching Palm Trees To Fight The Climate Crisis

The order, which was issued Wednesday, means the state will oversee virtually everything for the city.

According to the order, Opa-locka will be required to give Gov. Scott access to all its records, information and assets.

As part of the plan, the governor will also create a financial emergency board. The board will regularly report back to Scott its findings, recommendations and actions.

With the state seizing control of the city’s finances, Opa-locka will have to get Scott’s approval before passing an annual budget or making any chances to the budget.

READ MORE: Florida Boy, 15, Faces Charges In Death Of Girl He's Accused Of Shooting

The moves comes not long after Miami-Dade County Mayor Carlos Gimenez asked Gov. Scott in a letter to place the city of 16,000 people under state control.

Opa-locka officials said the city faces a $1.4 million shortfall plus millions in prior debts.

The FBI has been investigating corruption allegations against Opa-locka’s mayor and several other top officials.

CBS4 News broadcast the first and only television interview with the FBI’s inside man in Opa-locka, Frank Zambrana, who, for nearly two years, wore a wire and recorded a variety of officials allegedly shaking him down for bribes to get a city business license.

MORE NEWS: Coast Guard Transfers 28 Cubans To The Bahamas

In March, agents raided city hall looking for evidence, but no arrests have been made.