Section 5-104 - Specialized small business investment companies. - Maryland Statutes

§ 5-104. Specialized small business investment companies.
 

(a)  Authority of Secretary.- 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)  Financing.- 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. 
 

[An. Code 1957, art. 83A, § 5-104; 2008, ch. 306, § 2.]