§ 5-104. Specialized small business investment companies

Latest version.

   (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.

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

                    
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