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<section article="gec" article_name="Economic Development" number="10-706" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="7" subtitle_name="Maryland Venture Capital Trust">
  <level label="a">
    <text>The Trust is:</text>
    <level label="1">
      <text>exempt from the General Procurement Law provisions of Division II of the State Finance and Procurement Article; but</text>
    </level>
    <level label="2">
      <text>subject to Title 12, Subtitle 4 of the State Finance and Procurement Article.</text>
    </level>
  </level>
  <level label="b">
    <text>The Trust is exempt from the provisions of Division I of the State Personnel and Pensions Article that govern the State Personnel Management System.</text>
  </level>
</section>
