State Codes and Statutes
Statutes > Maryland > Economic-development > Title-5 > Subtitle-5 > 5-514§ 5-514. Certain receipts payable.
(a) In general.- Notwithstanding § 5-602(g) and (h) of this title or any other law, the following money shall be payable into the funds under this subtitle:
(1) any recovery of investments made under § 5-602 of this title that were funded by a transfer of money from the funds under this subtitle to the Enterprise Fund, including an investment in MMG Ventures LLP; and
(2) any repayment of a grant made under § 5-602 of this title that was funded by a transfer of money from the funds under this subtitle to the Enterprise Fund.
(b) Allocation.- The Authority shall determine the proportion of the recovery or repayment payable under subsection (a) of this section that shall be deposited into each of the funds under this subtitle.
[An. Code 1957, art. 83A, § 5-1049; 2008, ch. 306, § 2.]
