Maryland Department of Business and Economic Development Section 5-2A-05

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Article - Department of Business and Economic Development

§ 5-2A-05.

      (a)      The State Treasurer is authorized to advance to the Corporation a sum not to exceed $450,000 for the initial expenses of the Corporation.

      (b)      The sum shall be repaid out of the first moneys available to the Corporation from its revenues.

      (c)      The repayment shall be made at a rate of interest that is consistent with similar State investments.