Md. Code, Economic Development § 5-104
This is the official text of Md. Code, Economic Development § 5-104, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–104.
Official statutory text
(a) The Secretary may:
(1) invest in a specialized small business investment company created in accordance with the federal Small Business Investment Act of 1958; and
(2) to the extent allowed by federal law, do anything necessary or convenient to fully participate in the formation and operation of a specialized small business investment company.
(b) Notwithstanding any other law, the Secretary may use money to finance a specialized small business investment company from accounts within:
(1) the Enterprise Fund established under Subtitle 6 of this title; and
(2) the Maryland Small Business Development Financing Authority established under Subtitle 5 of this title.
(1) invest in a specialized small business investment company created in accordance with the federal Small Business Investment Act of 1958; and
(2) to the extent allowed by federal law, do anything necessary or convenient to fully participate in the formation and operation of a specialized small business investment company.
(b) Notwithstanding any other law, the Secretary may use money to finance a specialized small business investment company from accounts within:
(1) the Enterprise Fund established under Subtitle 6 of this title; and
(2) the Maryland Small Business Development Financing Authority established under Subtitle 5 of this title.
Status: in_force · Read it on the official government site
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