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.