PARRIS N. GLENDENING, Governor                             S.B. 810

(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;

(III)   TO PROVIDE GUARANTEES OF LOANS, EQUITY, INVESTMENT,
OR OTHER PRIVATE FINANCINGS TO EXPAND THE CAPITAL RESOURCES OF A
BUSINESS ENTERPRISE;

(IV)   TO PURCHASE ADVISORY SERVICES AND TECHNICAL
ASSISTANCE TO ENABLE THE DEPARTMENT TO BETTER SUPPORT ECONOMIC
DEVELOPMENT; AND

(V)     TO PAY EXPENSES FOR ADMINISTRATIVE, LEGAL AND
ACTUARIAL SERVICES FOR THE DEPARTMENT.

(2) UNLESS OTHERWISE DETERMINED BY THE SECRETARY, MONEYS IN
THE FUND THAT HAVE BEEN GENERATED BY A PARTICULAR DIVISION WITHIN THE
DEPARTMENT SHALL BE ALLOCATED FOR THE USE OF THAT DIVISION.

(B)     (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.

Subtitle 6. Maryland Enterprise Incentive Deposit Fund.

5-601.

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

(b)     "Department" means the Department of BUSINESS AND Economic [and
Employment] Development.

(c)     "Eligible business" means a for-profit business that:

(1) Is located in a county or Baltimore City that has an unemployment rate
of 130 percent of the unemployment rate for the State during the most recent 4
consecutive quarters for which data is available and has a population under 200,000;

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