HOUSE BILL 891

Sponsored By:

Montgomery County Delegation

Entitled:

Montgomery County - Investment Authority MC 18-10

Synopsis:

Authorizing Montgomery County to make an equity investment through a specified fund in a company that is located in the county or that agrees to relocate their business to the county; providing that the proceeds of an equity investment made under the Act may be used for specified purposes; providing that the county may not acquire an ownership interest exceeding a specified percentage of any enterprise; etc.

History by Legislative and Calendar Date

House Action

2/10

First Reading Economic Matters

2/12

Hearing 3/4 at 1:00 p.m.

3/23

Favorable with Amendments Report by Economic Matters

3/21

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/22

Third Reading Passed (135-3)

4/3

Returned Passed

Senate Action

3/25

First Reading Finance

3/26

Hearing 4/1 at 1:00 p.m.

4/8

Favorable Report by Finance

4/4

Favorable Report Adopted

Second Reading Passed

4/5

Third Reading Passed (46-0)

Action after passage in House and Senate

5/20

Approved by the Governor

- Chapter 710

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government

Commerce and Business -see also- Dealers; Elec. Comm.; etc

Contracts -see also- Land Installment Contracts; Procurement

Electronic Government

Investments -see also- Securities

Montgomery County

Notices

Public Information

Bill affects the following Statute:

Economic Development

( 12-401 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

House

Number: 113891/01     Offered on: March 23, 2010   at: 10:34 a.m.     Status: Adopted

Committee Votes :

House

Economic Matters

Senate

Finance

Roll Call Votes (Legislative dates are shown):

House

March 22, 2010: Third Reading Passed (135-3)

Senate

April 5, 2010: Third Reading Passed (46-0)