Md. Code, Econ. Dev. § 5-104

Current with changes from the 2024 Legislative Session
Section 5-104 - Specialized small business investment companies
(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.

Md. Code, EC § 5-104