State Codes and Statutes
Statutes > Maryland > Economic-development > Title-5 > Subtitle-1 > 5-104§ 5-104. Specialized small business investment companies.
(a) Authority of Secretary.- 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) Financing.- 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.
[An. Code 1957, art. 83A, § 5-104; 2008, ch. 306, § 2.]
