§ 10-708. Preferred proposals

MD Econ Dev Code § 10-708 (2019) (N/A)
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The Board shall give preference to venture capital fund proposals that:

(1)    provide financing predominately to businesses that conduct a substantial amount of business in the State;

(2)    require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and

(3)    ensure that a majority of the money that the Trust invests is for seed capital financing in the State.