Maryland Code, Economic Development § 5-104

Current as of January 01, 2025 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Maryland Code, Economic Development § 5-104 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-5-104/

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