Fed up with certain operations, five State Senators want to do away with the MBTA’s Board of Directors and take a new approach at how the T handles its money.

“We are trying to put together the team that puts the MBTA in the right track,” said Senator Gale Candaras, D-Wilbraham, during a press conference at the State House Tuesday, just hours before the Senate was scheduled to take up a bill to bail out the public transportation agency.

Candaras and four other senators want the T to be under the reign of a control board, to add “fresh voices” and “different talents,” said Candaras, likening the MBTA to a sports team not performing at its best.

“There is widespread agreement that something needs to change,” said Candaras.

The board would be tasked with creating a long-term financial plan to keep the T sustainable and running.

The proposal would be an amendment to the transportation bill passed by the House last week, to bail out the T, by transferring $51 million to the agency in order to help close its fiscal 2013 budget.

The money, if passed by the Senate, would be taken from the state’s vehicle inspection funds.

But Candas and her colleagues were weary that others would jump on the train to reform and back the suggestion.

“It’s our belief that before we give additional dollars to the MBTA, something needs to change,” said Minority Leader Bruce Tarr, R-Gloucester. “But we are trying to take an alternative as a control board.”

The bipartisan proposal would essentially wipe out the current MBTA Board of Directors and replace it with a Control Board with all the same powers and authority granted to the current board.

The Control Board would last three years.

The terms of the amendment would also turn the $51 million the T needs to fix its current budget into a loan, rather than a bailout.

The loan would need to be paid back by 2020, according to the proposal.

According to the State House News Service, a similar state control board was put in placed in Springfield and has stabilized that city’s “rocky finances.”

State elected officials hope they could pass a similar measure for the MBTA.

You can watch the Senate debate live, here.

Here are some other highlights of the proposed amendment:

• Control Board would consist of 5 members, appointed by the Secretary of Administration and Finance. It would include the MassDOT Secretary, the Chairman of the MBTA Board of Directors and three other members who do not reside within the MBTA service area.

• If passed, the Control Board could also amend budgets, revise policy, create or eliminate positions, adjust fees and rates.