INGLEWOOD (AP) — California has taken over the Inglewood Unified School District after agreeing to a $55 million bailout for the nearly bankrupt system.

The state schools chief on Wednesday appointed Inglewood High School graduate Kent Taylor as administrator of the Los Angeles-area district.

Taylor currently is superintendent of the Southern Kern Unified School District. He’ll oversee day-to-day operations for the Inglewood district, which has about 15,000 students. The elected school board will have an advisory role.

Inglewood was taken over by the state last month after Gov. Jerry Brown approved up to $55 million in emergency loans to keep it afloat. The loans must be repaid within 20 years.

The district had warned it could be broke by December. It blamed enrollment and state funding declines, along with poor financial decisions.

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