# COMAR Title 14 — Independent Agencies

## Subtitle 04 — Maryland Technology Development Corporation

### Chapter 06 — Maryland Venture Fund

#### Regulation .07 Procedures and Guidelines for Investment Decisions.

*COMAR 14.04.06.07*

A. In General. Except as provided in §§B and C of this regulation, TEDCO shall select businesses for investment by Maryland Venture Fund in accordance with the application process set forth in COMAR 14.04.02.

B. Enterprise Fund. For Enterprise Fund investments:

  (1) TEDCO may not acquire an ownership interest in a business that exceeds 25 percent of the business; and

  (2) Within 15 years of making the investment, TEDCO shall divest itself of the investment.