Expedited Bill No.
Personnel - Board of
Investment Trustees - Consolidated
Retiree Health Benefits Trust Board
of Trustees - Investments
Revised: January 16. 2014 Draft No. _1_
February 4. 2014
March 4. 2014
Executive: _ _ _ _ _ _ _ __
Effective: _ _ _ _ _ _ _ _ __
Sunset Date: .....;N...:.,:o""-n=e_ _ _ _ __
Ch, _ _, Laws of Mont. Co. _ __
FOR MONTGOMERY COUNTY, MARYLAND
By: Council President at the Request ofthe County Executive
AN EXPEDITED ACT
repeal the requirement that investments made by the Board of Investment
Trustees and the Consolidated Retiree Health Benefits Board of Trustees retain
U.S. indicia of ownership;
(2) repeal the prohibition on investments in County related bonds by the Board of
Investment Trustees and the Consolidated Retiree Health Benefits Board of
(3) repeal the restriction on real estate investment by the Consolidated Retiree Health
Benefits Board of Trustees; and
(4) generally amend the law regarding the Employees' Retirement System,
Retirement Savings Plan, the Deferred Compensation Plan, and the Consolidated
Retiree Health Benefits Trust Fund.
Montgomery County Code
Chapter 33, Personnel and Human Resources
Sections 33-59, 33-60, 33-125, 33-145, 33-160 and 33-162
Heading or defined term.
Added to existing law by original bill.
Deletedfrom existing law by original bill.
Added by amendment.
Deletedfrom existing law or the bill by amendment.
Existing law unaffected by bill.
[Single boldface brackets]
[[Double boldface brackets]]
The County Council for Montgomery County, Maryland approves the following Act: