PARRIS N. GLENDENING, Governor                                 Ch. 120

(B) 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 PROGRAMS OR PRIVATE CONTRIBUTIONS;

(3)      INCOME FROM INVESTMENTS THAT THE STATE TREASURER MAKES
FROM MONEYS IN THE FUND;

(4)      REPAYMENTS OF PRINCIPAL AND INTEREST FROM LOANS MADE
FROM THE FUND;

(5)      PROCEEDS FROM THE SALE, DISPOSITION, LEASE OR RENTAL BY
THE DEPARTMENT OF COLLATERAL RELATED TO ANY FINANCING PROVIDED BY
THE DEPARTMENT UNDER THIS SECTION;

(6)      PREMIUMS, FEES, ROYALTIES, AND REPAYMENTS OF PRINCIPAL,
INTEREST AND INVESTMENT PAID TO THE DEPARTMENT BY OR ON BEHALF OF A
BUSINESS ENTERPRISE IN WHICH THE DEPARTMENT HAS MADE AN EQUITY
INVESTMENT, OR BY OR ON BEHALF OF AN INVESTOR PROVIDING AN INVESTMENT
GUARANTEED BY THE DEPARTMENT UNDER THIS SECTION;

(7)      RECOVERY OF ANY EQUITY INVESTMENT MADE BY THE
DEPARTMENT IN A BUSINESS ENTERPRISE, INCLUDING ANY ARRANGEMENT UNDER
WHICH THE DEPARTMENT'S INVESTMENT IN THE BUSINESS ENTERPRISE IS
RECOVERED THROUGH:

(I)       A REQUIREMENT THAT THE DEPARTMENT RECEIVE A
PROPORTION OF CASH FLOW, COMMISSIONS, ROYALTIES, OR PAYMENTS ON A
PATENT; OR

(II)     THE REPURCHASE FROM THE DEPARTMENT OF ANY
EVIDENCE OF EQUITY PARTICIPATION, SUCH AS NOTES, STOCKS. BONDS OR
DEBENTURES;

(8)      REPAYMENTS RECEIVED FROM CONDITIONAL GRANTS EXTENDED
BY THE DEPARTMENT; AND

(9)      ANY OTHER MONEYS MADE AVAILABLE TO THE DEPARTMENT.

5-503.

(A) (1) THE DEPARTMENT MAY USE THE FUND FOR THE FOLLOWING
PURPOSES:

(I)      TO MAKE GRANTS OR LOANS, AT A RATE OF INTEREST TO BE
DETERMINED BY THE DEPARTMENT;

(II)     TO PROVIDE EQUITY INVESTMENT FINANCING FOR A
BUSINESS ENTERPRISE;

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