§ 5-104. Specialized small business investment companies

MD Econ Dev Code § 5-104 (2019) (N/A)
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(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.