The Fund consists of: (1) money appropriated in the State budget to the Fund; (2) money made available to the Fund through federal programs or private contributions; (3) repayments of principal and interest from loans made from the Fund; (4) proceeds from the sale, disposition, lease, or rental of collateral related to financial assistance provided by the Department under this subtitle; (5) application or other fees paid to the Fund to process requests for financial assistance; (6) recovery of an investment made by the Department in a business, including an arrangement under which part of the investment is recovered through: (i) a requirement that the Department receive a proportion of cash flow, commissions, royalties, or license fees; (ii) the repurchase from the Department of any of its investment interest; or (iii) the sale of an appreciated asset; (7) repayments received from recipients of conditional grants from the Department; (8) money collected under § 9-229 of the Tax - Property Article; (9) repayments on or recoveries from financial assistance provided from the former: (i) Brownfields Revitalization Incentive Fund; (ii) Child Care Facilities Direct Loan Fund; (iii) Child Care Special Loan Fund; (iv) Maryland Industrial and Commercial Redevelopment Fund; (v) Maryland Industrial Land Fund; (vi) Maryland Seafood and Aquaculture Loan Fund; and (vii) Smart Growth Economic Development Infrastructure Fund; and (10) any other money made available to the Fund.
‹ Prev All Maryland sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.