(3) clarify the standard of care that applies to investment decisions of the
Board of Investment Trustees, instead of investment restrictions;

[[(3)]]

(4) clarify attendance and quorum requirements of the Board of Investment
Trustees, and

[[(4)]]

(5) generally amend County law regarding the Board of Investment Trustees.

By amending

Montgomery County Code

Chapter 33, Personnel and Human Resources

Sections 33-35, 33-59, 33-60, and 33-61C

[Effective Date December 2, 1998]

Emergency Bill No. 32-98
Chapter 28
Laws of Montgomery County, 1998

AN EMERGENCY ACT to:

(1) enable the County to participate in the state Brownfields Voluntary
Cleanup and Revitalization Program;

(2) provide a property tax credit for the redevelopment of certain brownfields
properties; and

(3) generally provide for a brownfields property tax credit as authorized by
State law.

By adding to

Montgomery County Code
Chapter 52, Taxation

Article XI, Brownfields Property Tax Credit
Sections 52-75 through 52-80

[Effective Date December 2, 1998]

Bill No. 15-98
Chapter 29
Laws of Montgomery County, 1998