# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 1. General Provisions

#### Section 5-104

(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.

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