PARRIS N. GLENDENING, Governor                             S.B. 810

(A)     NOTWITHSTANDING ANY OTHER PROVISION OF LAW, THE SECRETARY
MAY TRANSFER FUNDS AMONG ANY OF THE VARIOUS ACCOUNTS WITHIN THE
DEPARTMENT OR SUBJECT TO ITS CONTROL, THAT ARE USED TO PROVIDE
FINANCIAL SUPPORT OF ANY KIND, INCLUDING WORKPLACE TRAINING FOR.
COMMERCIAL, INDUSTRIAL, OR OTHER BUSINESS ENTITIES, PROJECTS, OR
PURPOSES,

(B)     NOTWITHSTANDING ANY OTHER PROVISION OF LAW, THE SECRETARY
MAY TRANSFER FUNDS FROM ANY OF THE ACCOUNTS DESCRIBED IN SUBSECTION
(A) OF THIS SECTION TO THE ECONOMIC DEVELOPMENT OPPORTUNITIES PROGRAM
FUND ESTABLISHED UNDER § 7-314 OF THE STATE FINANCE AND PROCUREMENT
ARTICLE.

(C)     WHERE APPLICABLE, TRANSFERS UNDER THIS SECTION MUST COMPLY
WITH THE PROVISIONS OF §§ 9-130(G) AND 9-132(H) OF THIS ARTICLE.

(D)    THE SECRETARY SHALL ACCOMPLISH ANY TRANSFER UNDER THIS
SECTION IN ACCORDANCE WITH THE APPROPRIATION AMENDMENT PROCESS
UNDER § 7-209 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.

[1-205.2.] 5-104.

(a)     The Secretary is authorized to invest in one or more specialized small business
investment companies created pursuant to the federal Small Business Investment Act of
1958.

(b)     The Secretary is authorized to do all things necessary or convenient in order
to participate fully in the formation and operation of specialized small business
investment companies, to the extent permitted by federal law.

(c)     Notwithstanding any other provision of law, the Secretary may use funds from
the following accounts within the Department to finance specialized small business
investment companies:

(1)     The Maryland Small Business Development Financing Authority created
[by Title 13, Subtitle 2 of the Financial Institutions Article] PURSUANT TO SUBTITLE 10
OF THIS TITLE; and

(2)     The Enterprise Fund created pursuant to [§ 1-205.1 of this article]
SUBTITLE 5 OF THIS TITLE.

Subtitle [1.] 2. Maryland Economic Development Corporation.

[5-101.] 5-201.

(a)     In this subtitle, the following words have the meanings indicated.

(b)     "Bonds" means all bonds and notes of the Corporation, including bond
anticipation notes, revenue anticipation notes, grant anticipation notes, refunding bonds,
notes in the nature of commercial paper, or other evidences of indebtedness of the
Corporation, whether general or limited obligations of the Corporation issued under this
subtitle.

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