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§ 10-708. Preferred proposals

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 7. Maryland Venture Capital Trust (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 10-708
§ 10-708. Preferred proposals
Currentness
The Board shall give preference to venture capital fund proposals that:
(1) provide financing predominately to businesses that conduct a substantial amount of business in the State;
(2) require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and
(3) ensure that a majority of the money that the Trust invests is for seed capital financing in the State.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 10-708, MD ECON DEV § 10-708
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document