MARVIN MANDEL, Governor                               245

is hereby declared to be an emergency measure and
necessary for the immediate preservation of the public
health and safety and having been passed by a yea and nay
vote supported by three—fifths of all the members elected
to each of the two Houses of the General Assembly, the
same shall take effect from the date of its passage.

Approved April 1, 1976.

CHAPTER 116
(House Bill 1727)

AN ACT concerning

Carroll County — Employees' Deferred
Compensation Plans

FOR the purpose of enabling Carroll County to establish
deferred compensation plans for its employees;
removing certain restrictions on the manner in which
Carroll County may invest its funds; and relating
generally to deferred compensation.

BY adding to

The Public Local Laws of Carroll County
Section 34QQ

Article 7 — Public Local Laws of Maryland
(1965 Edition, as amended)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 34QQ be and it is hereby added
to the Public Local Laws of Carroll County being Article
7 of the Public Local Laws of Maryland (1965 Edition, as
amended) to read as follows:

Article 7

34QQ.

(A) CARROLL COUNTY WAY OFFER TO ITS EMPLOYEES A
VOLUNTARY INCOME DEFERMENT PLAN TO ALLOW ITS EMPLOYEES
THE TAX BENEFITS AUTHORIZED BY SECTION 403(B) OF THE
INTERNAL REVENUE CODE OF 1954.

(B.) CARROLL COUNTY MAY, BY CONTRACT, AGREE WITH
ANY OF ITS EMPLOYEES TO DEFER, IN WHOLE OR IN PART, EACH
EMPLOYEE'S COMPENSATION.

(C) WITH RESPECT TO ANY PLAN ESTABLISHED PURSUANT
TO PARAGRAPH (1) OF THIS SUBSECTION, CARROLL COUNTY SHALL