Expedited Bill No.            16-15            

Concerning: Economic Development Fund – Strategic Plan - Amendments                        

Revised:    May 14, 2015   Draft No. 1  

Introduced:      April 14, 2015                

Enacted:         May 21, 2015                 

Executive:       June 1, 2015                  

Effective:        June 1, 2015                  

Sunset Date:  None                             

Ch.   27    , Laws of Mont. Co.    2015    

County Council

For Montgomery County, Maryland

Lead Sponsor: Council President Leventhal

AN EXPEDITED ACT to:

(1)        extend the time for the Executive to submit an economic development strategic plan for the County to the Council;

(2)        generally amend the law governing the economic development strategic plan.

By amending

            Montgomery County Code

            Chapter 20, Finance

            Section 20-76

Boldface Heading or defined term.

Underlining Added to existing law by original bill.

[Single boldface brackets] Deleted from existing law by original bill.

Double underlining Added by amendment.

[[Double boldface brackets]] Deleted from existing law or the bill by amendment.

* * * Existing law unaffected by bill.

The County Council for Montgomery County, Maryland approves the following Act:

          Sec. 1.  Section 20-76 is amended as follows:

20-76.  Economic Development Strategic Plan, Administration.

(a)     The Executive must submit, by method 1 regulation, an economic development strategic plan for the County to the Council for approval on or before [July 1, 2015] October 1, 2015 and each fourth year thereafter.  The success or progress of the strategic plan must be measurable and the plan must include measures to address:

(1)     job creation;

(2)     private sector compensation and benefits;

(3)     target industries;

(4)     target geographic areas;

(5)     workforce education and training;

(6)     growth in tax base;

(7)     economic opportunity for residents;

(8)     encouragement of entrepreneurs and small business;

(9)     land use; and

(10)   other actions necessary to promote economic development in the County.

*                           *                 *

Sec. 2.         Expedited Effective Date.

          The Council declares that this legislation is necessary for the immediate protection of the public interest.  This Act takes effect on the date on which it becomes law.