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Maryland Code, Economic Development § 5-514

Current as of December 31, 2021 | Updated by FindLaw Staff

(a) Notwithstanding § 10-469(e) and (f) of this article or any other law, the following money shall be payable into the funds under this subtitle:

(1) any recovery of investments made under § 10-469 of this article 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 § 10-469 of this article 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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Cite this article: FindLaw.com - Maryland Code, Economic Development § 5-514 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-5-514/

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