WILLIAM DONALD SCHAEFER, Governor

(7) Any other moneys made available under this
Program.

(c)  The Fund shall be self-sustaining and shall achieve
investment returns on its portfolio in the form of:

(1)  Royalties from [franchises] ENTERPRISES in
amounts to be determined by the Authority; and

(2)  If a debt security is used, interest payments.

(d)  The Authority may, from time to time as needed for the
Program, withdraw amounts from the Small . Business Development
Guaranty Fund, not to exceed a total of $2,000,000, and deposit
these amounts into the Equity Participation Investment Program
Fund.

(e)  The Authority shall use the Fund and income from the
Fund:

(1)  In the purchase of qualified securities issued by
[a franchise] AN ENTERPRISE for the purpose of providing equity
participation financing as permitted under the Program;

(2)  To provide guarantees of investments to expand
the capital resources of qualified [franchises] ENTERPRISES;

(3)  In the purchase of advisory services and
technical assistance consistent with the Program;

(4)  In the purchase of any securities that may be a
lawful investment for a fiduciary of the State;

(5)  To provide equity participation financing as
permitted under the Program; and

(6)  To pay expenses for administrative, legal, and
actuarial services relating to the Program.

(f)  (1) The State Treasurer shall hold and the State
Comptroller shall account for the Fund.

(2) Any investment earnings of the Fund shall be paid
into the Fund.

(G) THE AUTHORITY SHALL FILE AN ANNUAL REPORT BY JANUARY 1
TO THE GENERAL ASSEMBLY IN THE FORM REQUIRED IN § 2-1312 OF THE
STATE GOVERNMENT ARTICLE.

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