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H.B. 972
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VETOES
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(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] SUBTITLE;
(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]
SUBTITLE;
(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.
(C) SECTION 10-305 OF THE STATE FINANCE AND PROCUREMENT ARTICLE
DOES NOT APPLY TO ANY SALE, LEASE, TRANSFER, EXCHANGE, OR OTHER
DISPOSITION OF ANY REAL OR PERSONAL PROPERTY ACQUIRED BY THE
DEPARTMENT IN ANY TRANSACTION AUTHORIZED UNDER THIS SUBTITLE,
INCLUDING SHARES OF STOCK IN A BUSINESS ENTITY. THE DEPARTMENT SHALL
CONSULT WITH THE OFFICE OF THE TREASURER IN CONNECTION WITH ANY
PROPOSED DISPOSITION OF PROPERTY ACQUIRED BY THE DEPARTMENT UNDER
THIS SUBTITLE.
(D) DIVISION II OF THE STATE FINANCE AND PROCUREMENT ARTICLE DOES
NOT APPLY TO THE DEPARTMENT FOR SERVICES RELATED TO THE INVESTMENT,
MANAGEMENT, ANALYSIS, PURCHASE, OR SALE OF ASSETS OF THE DEPARTMENT IN
ANY TRANSACTION AUTHORIZED UNDER THIS SUBTITLE, INCLUDING COMMISSIONS
RELATED TO THE TRANSFER OF SHARES OF STOCK IN A BUSINESS ENTITY.
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- 4652 -
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