# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 7. Maryland Venture Capital Trust

#### Section 10-706

(a) The Trust is:

  (1) exempt from the General Procurement Law provisions of Division II of the State Finance and Procurement Article; but

  (2) subject to Title 12, Subtitle 4 of the State Finance and Procurement Article.

(b) The Trust is exempt from the provisions of Division I of the State Personnel and Pensions Article that govern the State Personnel Management System.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)