Ch. 535                                           LAWS OF MARYLAND

UPON THE TERMS AS ARE APPROVED BY THE BOARD OF COUNTY
COMMISSIONERS.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act is an
emergency measure, is necessary for the immediate preservation of
the public health and safety, has been passed by a yea and nay
vote supported by three-fifths of all the members elected to each
of the two Houses of the General Assembly, and shall take effect
from the date it is enacted.

Approved May 19, 1989.

CHAPTER 535
(House Bill 1071)

AN ACT concerning

Maryland Small Business Development Financing Authority -
Equity Participation Investment Program

FOR the purpose of expanding the scope of the Equity
Participation Investment Program in the Maryland Small
Business Development Financing Authority to include the
acquisition of an existing business under certain
circumstances; imposing certain requirements on the Equity
Participation Investment Program Fund for the acquisition of
an existing business; defining a certain term; making

stylistic changes; providing for certain reporting

requirements; providing for the terminations of certain
aspects of this Act; adding certain qualifications, for
certain enterprises and existing business; requiring the
Authority to submit a certain report to the General
Assembly; providing for the termination of this Act; and
generally relating to the Equity Participation Investment
Program.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 13-235, 13-236, 13-237, and 13-239 through 13-241

Annotated Code of Maryland

(1986 Replacement Volume and 1988 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Financial Institutions

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