<?xml version='1.0' encoding='utf-8'?>
<section article="gec" article_name="Economic Development" number="5-313" title_number="5" title_name="Economic Development and Financial Assistance Programs" subtitle_number="3" subtitle_name="Maryland Economic Development Assistance Authority and Fund">
  <text>The Fund consists of:</text>
  <level label="1">
    <text>money appropriated in the State budget to the Fund;</text>
  </level>
  <level label="2">
    <text>money made available to the Fund through federal programs or private contributions;</text>
  </level>
  <level label="3">
    <text>repayments of principal and interest from loans made from the Fund;</text>
  </level>
  <level label="4">
    <text>proceeds from the sale, disposition, lease, or rental of collateral related to financial assistance provided by the Department under this subtitle;</text>
  </level>
  <level label="5">
    <text>application or other fees paid to the Fund to process requests for financial assistance;</text>
  </level>
  <level label="6">
    <text>recovery of an investment made by the Department in a business, including an arrangement under which part of the investment is recovered through:</text>
    <level label="i">
      <text>a requirement that the Department receive a proportion of cash flow, commissions, royalties, or license fees;</text>
    </level>
    <level label="ii">
      <text>the repurchase from the Department of any of its investment interest; or</text>
    </level>
    <level label="iii">
      <text>the sale of an appreciated asset;</text>
    </level>
  </level>
  <level label="7">
    <text>repayments received from recipients of conditional grants from the Department;</text>
  </level>
  <level label="8">
    <text>money collected under § 9–229 of the Tax – Property Article;</text>
  </level>
  <level label="9">
    <text>repayments on or recoveries from financial assistance provided from the former:</text>
    <level label="i">
      <text>Brownfields Revitalization Incentive Fund;</text>
    </level>
    <level label="ii">
      <text>Child Care Facilities Direct Loan Fund;</text>
    </level>
    <level label="iii">
      <text>Child Care Special Loan Fund;</text>
    </level>
    <level label="iv">
      <text>Maryland Industrial and Commercial Redevelopment Fund;</text>
    </level>
    <level label="v">
      <text>Maryland Industrial Land Fund;</text>
    </level>
    <level label="vi">
      <text>Maryland Seafood and Aquaculture Loan Fund; and</text>
    </level>
    <level label="vii">
      <text>Smart Growth Economic Development Infrastructure Fund; and</text>
    </level>
  </level>
  <level label="10">
    <text>any other money made available to the Fund.</text>
  </level>
</section>
