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2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 5-104 - Specialized small business investment companies


MD Econ Dev Code § 5-104 (2013) What's This?

§5-104.

(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.

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