§ 10-708
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/md/economic-development/10-708A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–708.
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.