EXECUTIVE ORDER No. 2007-45

REVOKING DECLARATION OF FINANCIAL EMERGENCY FOR CITY OF HAMTRAMCK

WHEREAS, Section 1 of Article V of the Michigan Constitution of 1963 vests the executive power of the State of Michigan in the Governor;

WHEREAS, Section 8 of Article V of the Michigan Constitution of 1963 provides that the Governor shall take care that the laws be faithfully executed;

WHEREAS, Section 15 of the Local Government Fiscal Responsibility Act, 1990 PA 72, MCL 141.1215, authorizes the Governor, based on a report issued by a review team, to determine the existence of a local government financial emergency in a city, village, township, county, an authority established by law, or a public utility owned by a city, village, township, or county;

WHEREAS, on November 15, 2000, Acting Governor and Lieutenant Governor Dick Posthumus determined that a local government financial emergency existed in the City of Hamtramck, Wayne County;

WHEREAS, the Local Emergency Financial Assistance Loan Board created under Section 2 of the Emergency Municipal Loan Act, 1980 PA 243, MCL 143.942, was assigned responsibility for the management of the local government financial emergency in the City of Hamtramck as provided by Section 18 of the Local Government Fiscal Responsibility Act, 1990 PA 72, MCL 141.1218;

WHEREAS, the Local Emergency Financial Assistance Loan Board has recommended that the conditions have been satisfied for revoking the determination of a local government financial emergency in the City of Hamtramck;

WHEREAS, the State Treasurer also has recommended that the declaration of a local government financial emergency in the City of Hamtramck be revoked;

WHEREAS, an audited financial report submitted to the Department of Treasury by the City of Hamtramck reports a general fund surplus for the fiscal year ending June 30, 2006;

WHEREAS, the City of Hamtramck reports that it has completed the fiscal year ending June 30, 2007 without a deficit;

WHEREAS, under Section 25 of the Local Government Fiscal Responsibility Act, 1990 PA 72, MCL 141.1225, the Governor may determine that the conditions for revoking the declaration of a financial emergency have been met after receiving a recommendation from the Local Emergency Financial Assistance Loan Board;

NOW, THEREFORE, I, Jennifer M. Granholm, Governor of the State of Michigan, by virtue of the power and authority vested in me by the Michigan Constitution of 1963 and Michigan law, order the following:

A. The declaration of a financial emergency in the City of Hamtramck is revoked, as the conditions for revoking the declaration have been met.

B. Copies of this Order shall be transmitted to the City Clerk for the City of Hamtramck and to the members of the Local Emergency Financial Assistance Loan Board.

This Order is effective upon filing.

Given under my hand and the Great Seal of the State of Michigan this 30th day of November in the year of our Lord, two thousand and seven.

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JENNIFER M. GRANHOLM
GOVERNOR


BY THE GOVERNOR:
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SECRETARY OF STATE