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2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 5-514 - Certain receipts payable


MD Econ Dev Code § 5-514 (2013) What's This?

§5-514.

(a) Notwithstanding § 5-602(g) and (h) of this title or any other law, the following money shall be payable into the funds under this subtitle:

(1) any recovery of investments made under § 5-602 of this title that were funded by a transfer of money from the funds under this subtitle to the Enterprise Fund, including an investment in MMG Ventures LLP; and

(2) any repayment of a grant made under § 5-602 of this title that was funded by a transfer of money from the funds under this subtitle to the Enterprise Fund.

(b) The Authority shall determine the proportion of the recovery or repayment payable under subsection (a) of this section that shall be deposited into each of the funds under this subtitle.

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