§ 10–708

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 10-708 (2026)

Title 10. Statewide Development Resources and Revenue Authorities

Subtitle 7. Maryland Venture Capital Trust

The Board shall give preference to venture capital fund proposals that:

(1)

provide financing predominately to businesses that conduct a substantial amount of business in the State;

(2)

require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and

(3)

ensure that a majority of the money that the Trust invests is for seed capital financing in the State.