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...
Click here for full text