Ch. 311

LAWS OF MARYLAND

shall keep [himself] fully [appraised] APPRISED of plans,
proposals and projects of the departments and other agencies or
units within the jurisdiction of the Department of Economic and
[Community] EMPLOYMENT Development, and shall have power to
approve, disapprove or modify any SUCH plan, proposal, or project
[of any such instrumentality].                                             

[(f)] (E) Wherever it is provided by law that an
appointment to a particular office within the Department [of
Economic and Community Development] is to be made by the
Secretary with the approval of the Governor, and the appointee is
to serve at the pleasure of the Secretary, the Secretary shall
not remove the appointee without first obtaining the approval of
the Governor.

[(g)] (F) In addition to the meetings of any board or
commission, within the Department [of Economic and Community
Development], which are provided for by law or are called by the
chairman thereof, the Secretary may, whenever [he] THE SECRETARY
deems it appropriate, call a meeting of such boards or
commissions for the consideration of any subject which [he] THE
SECRETARY considers necessary and proper.

(G) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, THE SECRETARY MAY EXERCISE OR PERFORM ANY POWER,
DUTY, RESPONSIBILITY, OR FUNCTION ASSIGNED TO ANY OF THE
ADMINISTRATIONS, BOARDS, COMMISSIONS, OFFICES, AUTHORITIES,
DIVISIONS, OR OTHER AGENCIES WITHIN THE JURISDICTION OF THE
DEPARTMENT.

(2) THIS SUBSECTION DOES NOT APPLY TO THE POWERS,
DUTIES, FUNCTIONS, AND RESPONSIBILITIES PROVIDED IN ARTICLE 95A,
§§ 7(E), (F), (G), (H), AND (I) AND 15(A)(4), (B), AND (C) OF THE
CODE.

[(i)] (H) All divisions, commissions, boards, [councils
and] OFFICES, AUTHORITIES, OR other agencies of the Department
[of Economic and Community Development] shall report to the
Secretary [of Economic and Community Development] or [his]. THE
SECRETARY'S designee as provided in regulations or written
directives promulgated by the Secretary.

[11-106.] 1-206.

(a) It is the policy of this State to recognize the
declaration of the Joint Economic Committee of the Congress of
the United States that broadening the ownership of capital should
be a twin pillar of economic policy, along with achieving full
employment. The General Assembly of Maryland finds that employee
stock ownership plans, as defined in the United States Internal
Revenue Code, make an important contribution toward the
broadening of capital ownership, increase the income and
financial security of citizens of this State, assure citizens

- 1538 -