WILLIAM DONALD SCHAEFER, Governor Ch. 745

D. INITIATION AND DEVELOPMENT OF TRAINING
PROGRAMS THAT WILL PREPARE SUBSTANTIAL NUMBERS OF BLACK AND OTHER
NONWHITE PERSONS FOR SUPERVISORY, ADMINISTRATIVE, CLERICAL, AND
TECHNICAL JOBS;

E. INCREASING THE NUMBER OF BLACKS,
COLOUREDS, AND ASIANS IN MANAGEMENT AND SUPERVISORY POSITIONS;
AND

F. IMPROVEMENT IN THE QUALITY OF
EMPLOYEES' LIVES OUTSIDE THE WORK ENVIRONMENT INCLUDING, BUT NOT
LIMITED TO, THE AREAS OF HOUSING, TRANSPORTATION, EDUCATION,
RECREATION, AND HEALTH CARE; AND

2. IS A SIGNATORY TO THESE PRINCIPLES OR
HAS DEMONSTRATED THAT IT IS MAKING PROGRESS OR GOOD PROGRESS IN
IMPLEMENTING THESE PRINCIPLES.

(C) (1) ANY FUNDS DEPOSITED OR INVESTED BEFORE JULY 1, 1989
OR DURING THE PERIOD OF ANY SUSPENSION UNDER THIS SUBSECTION AND
WHICH REMAIN DEPOSITED OR INVESTED ON OR AFTER JULY 1, 1989 IN
ANY BANKS, FINANCIAL INSTITUTIONS, COMPANIES, OR THEIR
SUBSIDIARIES OR AFFILIATES DESCRIBED IN SUBSECTION (B) OF THIS
SECTION SHALL BE WITHDRAWN OR DIVESTED ON OR BEFORE THE DEADLINE
FOR COMPLETE DIVESTITURE, AS MAY BE EXTENDED UNDER THIS
SUBSECTION.

(2)  THE DEADLINE FOR COMPLETE DIVESTITURE IS JULY 1,
1991.

(3)  BEGINNING JULY 1, 1989, THE WSSC SHALL MAKE
SEMIANNUAL REPORTS TO THE GOVERNOR, THE LEGISLATIVE POLICY
COMMITTEE OF THE GENERAL ASSEMBLY, THE PRINCE GEORGE'S COUNTY AND
MONTGOMERY COUNTY DELEGATIONS, AND THE PRINCE GEORGE'S COUNTY AND
MONTGOMERY COUNTY EXECUTIVES ON THE PROGRESS OF DIVESTITURE UNTIL
THE DIVESTITURE IS COMPLETED.

(4)  THE WSSC MAY FROM TIME TO TIME SUSPEND THE
DIVESTITURE PROGRAM AND EXTEND THE DEADLINE FOR COMPLETE
DIVESTITURE IF THE WSSC DETERMINES THAT:

(I)  CONTINUED DIVESTITURE UNDER THIS SUBSECTION
AND COMPLIANCE WITH THE PROHIBITION UNDER SUBSECTION (B) OF THIS
SECTION WILL BE INCONSISTENT WITH GENERALLY ACCEPTED FIDUCIARY
STANDARDS FOR TRUSTEES OF PENSION FUNDS; OR

(II)  DIVESTITURE AND CONTINUED COMPLIANCE WITH
THE PROHIBITION UNDER SUBSECTION (B) OF THIS SECTION WILL CAUSE
CONTINUING FINANCIAL LOSSES TO THE FUNDS.

(5)  BEFORE ANY SUSPENSION OF THE DIVESTITURE PROGRAM
UNDER THIS SUBSECTION, THE WSSC SHALL ADOPT AND SEND TO THE
GOVERNOR, THE LEGISLATIVE POLICY COMMITTEE, THE PRINCE GEORGE'S

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