§ 5-104

Md. Code, Economic Development § 5-104, under Article — Economic Development.

Md. Code, Economic Development § 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.