2010 Michigan Compiled Laws
Chapter 141 - MUNICIPAL FINANCING
Act 72 of 1990 - LOCAL GOVERNMENT FISCAL RESPONSIBILITY ACT (141.1201 - 141.1291)
72-1990-2 - ARTICLE 2 GOVERNMENTAL PROVISIONS (141.1211...141.1226)
Section 141.1215 - Determination by governor; notice; findings of fact; statement; hearing; confirmation or revocation of determination; report.
LOCAL GOVERNMENT FISCAL RESPONSIBILITY ACT (EXCERPT)Act 72 of 1990
141.1215 Determination by governor; notice; findings of fact; statement; hearing; confirmation or revocation of determination; report.
Sec. 15.
(1) Within 30 days after receipt of the report provided for in section 14, the governor shall make 1 of the following determinations:
(a) A serious financial problem does not exist in the local government.
(b) A serious financial problem exists in the local government, but a consent agreement containing a plan to resolve the problem has been adopted pursuant to section 14(1)(c).
(c) A local government financial emergency exists because no satisfactory plan to resolve a serious financial problem exists.
(2) If the governor determines pursuant to subsection (1) that a financial emergency exists, the governor shall provide the governing body and chief administrative officer of the local unit with a written notification of the determination, findings of fact utilized as the basis upon which this determination was made, a concise and explicit statement of the underlying facts supporting the factual findings, and notice that the chief administrative officer or the governing body of the local government has 10 days after the date of this notification to request a hearing conducted by the governor or the governor's designate. Following the hearing, or if no hearing is requested following the expiration of the deadline by which a hearing may be requested, the governor shall either confirm or revoke, in writing, the determination of the existence of a local financial emergency. If confirmed, the governor shall provide a written report of the findings of fact of the continuing or newly developed conditions or events providing a basis for the confirmation of a local financial emergency, and a concise and explicit statement of the underlying facts supporting these factual findings.
History: 1990, Act 72, Imd. Eff. May 15, 1990
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