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Code · Maryland · Economic Development

§ 5-104

103 words·~1 min read·/md/economic-development/5-104

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§5–104.
(a)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)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.
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