Baltimore City Council
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File #: 19-0452    Version: 0 Name: Employee-Owned Businesses - Reporting
Type: Ordinance Status: In Committee
File created: 10/7/2019 In control: Labor Committee
On agenda: Final action:
Enactment #:
Title: Employee-Owned Businesses - Reporting For the purpose of requiring the Director of Finance to provide annual reports to the Mayor and the City Council regarding certain Baltimore City employee-owned businesses; defining certain terms; and specifying the contents of the required reports.
Sponsors: Bill Henry, Ryan Dorsey, Zeke Cohen, Mary Pat Clarke, Kristerfer Burnett
Indexes: Business, Employee, Reporting Requirements
Attachments: 1. 19-0452~1st Reader
Introductory*

City of Baltimore
Council Bill

Introduced by: Councilmember Henry
A Bill Entitled

An Ordinance concerning
title
Employee-Owned Businesses - Reporting
For the purpose of requiring the Director of Finance to provide annual reports to the Mayor and the City Council regarding certain Baltimore City employee-owned businesses; defining certain terms; and specifying the contents of the required reports.
body

By adding
Article 5 - Finance, Property, and Procurement
Section(s) 14-1 to 14-5,to be under the new subtitle,
“Subtitle 14. Employee-Owned Businesses”
Baltimore City Code
(Edition 2000)

Section 1. Be it ordained by the Mayor and City Council of Baltimore, That the Laws of Baltimore City read as follows:

Baltimore City Code

Article 5. Finance, Property, and Procurement

Subtitle 14. Employee-Owned Businesses

§ 14-1. Definitions.

(a) In general.

In this subtitle, the following terms have the meanings indicated.

(b) Director.

“Director” means the Director of the Department of Finance or the Director’s designee.

(c) Employee-owned business.

“Employee-owned business” means a business in which:

(1) the business’s employees are represented on the board of directors and the business’s employees control the majority of the voting stock; or

(2) the trustees are elected by the business’s employees, if the business is held in trust that controls the majority of the voting stock.

§ 14-2. Director of Finance to report.

(a) In general.

No later than 3 months after the end of each fiscal year, the Director shall submit a report to the Mayor and the City Council regarding employee-owned businesses in Baltimore City...

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