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State Statutes - Maryland - Article Department of Business and Economic Development - (g83A) - Section 5-104
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Section 5-104

      (a)      The Secretary is authorized to invest in one or more specialized small business investment companies created pursuant to the federal Small Business Investment Act of 1958.

      (b)      The Secretary is authorized to do all things necessary or convenient in order to participate fully in the formation and operation of specialized small business investment companies, to the extent permitted by federal law.

      (c)      Notwithstanding any other provision of law, the Secretary may use funds from the following accounts within the Department to finance specialized small business investment companies:

            (1)      The Maryland Small Business Development Financing Authority created pursuant to Subtitle 10 of this title; and

            (2)      The Enterprise Fund created pursuant to Subtitle 5 of this title.


 
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