Volume 793, Page 1601 View pdf image |
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PARRIS N. GLENDENING, Governor Ch. 120 SUBTITLE 5. ENTERPRISE FUND. (a) In this section the term "Fund" means the Enterprise Fund established under (b) Where the Department is otherwise authorized by law to make grants, the (c) (1) Where the Department is otherwise authorized by law to make grants. (2) In providing equity investment financing under this subsection, the (3) The Department shall divest itself from any enterprise in which an (4) The liability of the State and of the Department in providing equity (5) The Department shall adopt regulations specifying: (i) The types of business enterprises in which investments may be (ii) The amount of funds available for investments under this [(d) There is an Enterprise Fund in the Department established as a nonlapsing, (e) The Fund may consist of any of the following: (1) Moneys appropriated by the State to the Fund; (2) Moneys made available to the Fund through appropriate federal (3) Income from investments that the State Treasurer makes from moneys (4) Repayments of principal and interest from loans made from the Fund; - 1601 -
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Volume 793, Page 1601 View pdf image |
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