Section 5-313 - Composition. - Maryland Statutes

§ 5-313. Composition.
 

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) Animal Waste Technology Fund; 

(ii) Brownfields Revitalization Incentive Fund; 

(iii) Child Care Facilities Direct Loan Fund; 

(iv) Child Care Special Loan Fund; 

(v) Maryland Industrial and Commercial Redevelopment Fund; 

(vi) Maryland Industrial Land Fund; 

(vii) Maryland Seafood and Aquaculture Loan Fund; and 

(viii) Smart Growth Economic Development Infrastructure Fund; and 

(10) any other money made available to the Fund. 
 

[An. Code 1957, art. 83A, § 5-1404(c); 2008, ch. 306, § 2.]