§ 5-313. Composition

MD Econ Dev Code § 5-313 (2019) (N/A)
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The Fund consists of:

(1)    money appropriated in the State budget to the Fund;

(2)    money made available to the Fund through federal programs or private contributions;

(3)    repayments of principal and interest from loans made from the Fund;

(4)    proceeds from the sale, disposition, lease, or rental of collateral related to financial assistance provided by the Department under this subtitle;

(5)    application or other fees paid to the Fund to process requests for financial assistance;

(6)    recovery of an investment made by the Department in a business, including an arrangement under which part of the investment is recovered through:

(i)    a requirement that the Department receive a proportion of cash flow, commissions, royalties, or license fees;

(ii)    the repurchase from the Department of any of its investment interest; or

(iii)    the sale of an appreciated asset;

(7)    repayments received from recipients of conditional grants from the Department;

(8)    money collected under § 9–229 of the Tax – Property Article;

(9)    repayments on or recoveries from financial assistance provided from the former:

(i)    Brownfields Revitalization Incentive Fund;

(ii)    Child Care Facilities Direct Loan Fund;

(iii)    Child Care Special Loan Fund;

(iv)    Maryland Industrial and Commercial Redevelopment Fund;

(v)    Maryland Industrial Land Fund;

(vi)    Maryland Seafood and Aquaculture Loan Fund; and

(vii)    Smart Growth Economic Development Infrastructure Fund; and

(10)    any other money made available to the Fund.