MFP Item 2
Management and Fiscal Policy Committee
Robert H. Drummer, Senior Legislative Attorney
Bill 31-10, Board of Investment Trustees - Membership
Bill 31-10, Board of Investment Trustees - Membership, sponsored by the Council
President at the request of the County Executive, was introduced on May 4, 2010. A public
hearing was held on June 15.
Bill 31-10 revises the composition of the Board of Investment Trustees by providing that
the representative of the police bargaining unit serve on the Board indefinitely rather than for a
fixed tenn. The Bill would implement the recently negotiated collective bargaining agreement
between the Fraternal Order of Police and the County Executive. Bill 19-09, enacted on May 13,
2009, provided similar indefinite tenns for the representatives designated by MCGEO and the
IAFF. The Council indicated its intent to approve this provision of the collective bargaining
agreement in Resolution No.16-1326 on May 4,2010.
Stuart Weisberg, Office of Human Resources, testifying on behalf of the Executive,
supported the Bill. See ©17. Mr. Weisberg pointed out a perceived typographical error in the
numbering of the Bill during his testimony. However, Council staff conferred with Mr. Weisberg
after the hearing, and he agreed that the numbering on the Bill is correct.
What is the fiscal impact of the Bill?
There is no fiscal impact due to this Bill. See ©7.
2. Should the Council enact the Bill?
The Council already enacted a similar Bill last year providing indefinite tenns for the
representatives designated by MCGEO and the IAFF. There is no logical reason to treat the FOP
staff recommendation: approve the Bill as introduced.