§ 5–542
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-542 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 5. Maryland Small Business Development Financing Authority
§ 5–542LinkCopy Citation
The Authority shall use the Fund to:
(1)
purchase qualified securities that an enterprise issues to provide equity participation financing as the Program allows;
(2)
provide guaranties of investments to expand the capital resources of enterprises;
(3)
purchase advisory services and technical assistance consistent with the Program;
(4)
purchase securities in which a fiduciary of the State may lawfully invest;
(5)
provide equity participation financing as the Program allows; and
(6)
pay for administrative, legal, and actuarial services that relate to the Program.