PARRIS N. GLENDENING, Governor                                 Ch. 120

(I) (1) DEPARTMENT EMPLOYEES HIRED AFTER JUNE 30, 1995, SHALL BE IN
THE UNCLASSIFIED SERVICE OF THE STATE PERSONNEL MANAGEMENT SYSTEM.

(2) IF A POSITION IS HELD BY A CLASSIFIED SERVICE EMPLOYEE ON JUNE
30, 1995, THE POSITION REMAINS A CLASSIFIED SERVICE POSITION UNTIL THE POSITION
BECOMES VACANT.

(3) IN ACCORDANCE WITH THE STATE BUDGET, THE SECRETARY SHALL
SET THE COMPENSATION OF CLASSIFIED AND UNCLASSIFIED DEPARTMENT EMPLOYEES.

(I) (1) DEPARTMENT EMPLOYEES HIRED AFTER JUNE 30, 1995, SHALL BE IN
THE UNCLASSIFIED SERVICE OF THE STATE PERSONNEL MANAGEMENT SYSTEM.

(2) IF A POSITION IS HELD BY A CLASSIFIED SERVICE EMPLOYEE ON
JUNE 30, 1995, THE POSITION REMAINS A CLASSIFIED SERVICE POSITION UNTIL THE
POSITION BECOMES VACANT.

(3) IN ACCORDANCE WITH THE STATE BUDGET, THE SECRETARY SHALL
SET THE COMPENSATION OF CLASSIFIED AND UNCLASSIFIED DEPARTMENT
EMPLOYEES.

[1-206.] 2-106.

(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 greater control of their economic futures, improve productivity
and labor-management relations, contribute to the national effort to combat inflation,
strengthen the free enterprise system, and put the State in the forefront of contemporary
economic trends. It is the policy of this State to encourage the broadening of the base of
capital ownership among wider numbers of Maryland citizens, and to encourage the use
of employee stock ownership plans as one means of broadening the ownership of capital.

(b)     The [Division of Business Development of the] Department, [the Maryland
Industrial Development Financing Authority,] the Maryland State Office of Minority
Business Enterprise, the Division of Labor and Industry of the Department of LABOR,
Licensing, and Regulation, and the Public Service Commission shall include a discussion
of their efforts to promote these policies in their respective annual reports as required by
law.

(c)      This section may be cited as the Broadened Ownership Act.

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