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Friendship Heights council adopts revised investment policy after ethics-language amendment
Summary
Council adopted a revised investment policy after debate and an amendment to replace the ethics and conflict-of-interest language with state-model language; the final policy passed as amended.
After extended committee discussion and a contested committee-to-council drafting process, the Friendship Heights Village Council adopted a revised village investment policy. Council debate focused on a single contested element: the ethics and conflict-of-interest language in the proposed policy.
Council member Schaeffer argued the version presented to the council differed from the committee-approved draft and expressed…
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