§ 5-313
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/md/economic-development/5-313A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–313.
The Fund consists of:
(1)money appropriated in the State budget to the Fund;
(2)money made available to the Fund through federal programs or private contributions;
(3)repayments of principal and interest from loans made from the Fund;
(4)proceeds from the sale, disposition, lease, or rental of collateral related to financial assistance provided by the Department under this subtitle;
(5)application or other fees paid to the Fund to process requests for financial assistance;
(6)recovery of an investment made by the Department in a business, including an arrangement under which part of the investment is recovered through:
(i)a requirement that the Department receive a proportion of cash flow, commissions, royalties, or license fees;
(ii)the repurchase from the Department of any of its investment interest; or
(iii)the sale of an appreciated asset;
(7)repayments received from recipients of conditional grants from the Department;
(8)money collected under § 9–229 of the Tax – Property Article;
(9)repayments on or recoveries from financial assistance provided from the former:
(i)Brownfields Revitalization Incentive Fund;
(ii)Child Care Facilities Direct Loan Fund;
(iii)Child Care Special Loan Fund;
(iv)Maryland Industrial and Commercial Redevelopment Fund;
(v)Maryland Industrial Land Fund;
(vi)Maryland Seafood and Aquaculture Loan Fund; and
(vii)Smart Growth Economic Development Infrastructure Fund; and
(10)any other money made available to the Fund.