In conjunction with financial assistance under this subtitle, the Authority may:
(1) accept an option to acquire an equity interest in a business enterprise; and
(2) exercise, in its sole discretion, the option using money from the Fund.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 4 - Maryland Industrial Development Financing Authority
Part IV - Financial Assistance
Section 5-435 - Application of Other Laws
Section 5-437 - Authorized Purpose Obligation Not Exceeding $250,000
Section 5-438 - Equity Interest
Section 5-439 - Premiums and Fees
Section 5-440 - Waiver of Insurance Premiums
Section 5-441 - Continuity of Existing Authorized Purpose Obligations