3700                                     COUNTY LOCAL LAWS

Approved November 19, 1976.

Chapter 26

AN ACT to repeal and re-enact, with amendments, Chapter 20A,
title "Financial Disclosure", of the Montgomery County
Code 1972, (1975 Cumulative Supplement) to redefine the
term "interest" to exclude interests in time and demand
deposits and certain insurance policies and contracts;
to redefine "business entity" to exclude municipal
corporations; to redefine "retail credit account" to
include medical, legal or other professional services;
to add a definition of the term "doing business with
the County"; to provide that financial disclosure
statements filed by Deputy and Assistant Chief
Administrative Officers, Deputy Directors of the
principal departments, offices and agencies of County
government, Deputy Directors of the Office of
Architectural Services, Deputy and Assistant County
Attorneys, and Deputy Director of the County Council
Staff, Hearing Examiners, any other official, employee
or appointee of either branch of County government as
designated by that respective branch, paid members of
boards, commissions, committees and authorities, and
employees of the County government be filed
confidentially rather than publicly and to provide
safeguards for this process; to provide that certain
employees of the Montgomery County School System and
Montgomery College file sworn statements as designated
by the County Council; to provide that unpaid members
of boards, commissions and committees certify reading
the Code of Ethics; to eliminate the requirement that
financial disclosure statements be filed by Montgomery
County members of the Maryland—National Capital Park
and Planning Commission, Montgomery County members of
the Washington Suburban Sanitary Commission, members of
the Board of Trustees of Montgomery Community College
and Montgomery County members of the Washington
Suburban Transit Commission; to require the disclosure
of interests in any corporation; to change the
requirement for disclosure of interests in any business
entity or profession; to require the disclosure of
interests in any business entity which does business
with the County or is located within the County; to
eliminate the requirement for disclosing income of the
persons required to file financial disclosure statements
which is income of their spouses and dependent
children; to require disclosure of certain gifts in
excess of $50 received; to change the requirement for
disclosing all offices and directorships, in any
corporation or business entity; to require the
disclosure of offices, directorships and compensated
employment in any corporation or business entity which
does business with the County or is located within the
County; to eliminate the requirement for reporting