§ 5–104
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-104 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 1. General Provisions
§ 5–104LinkCopy Citation
(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.