Maryland Statutes
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 4A - Invest Maryland Program

Part I - General Provisions

Section 10-4A-01 - Definitions - (a) In this subtitle the following words have the meanings...

Section 10-4A-02 - Maryland Venture Fund Authority Established - There is a Maryland Venture Fund Authority in the Corporation.

Section 10-4A-03 - Membership - (a) The Authority consists of the following nine members: (1)...

Section 10-4A-04 - Chair; Election of Officers - (a) The Governor shall appoint a chair from among the...

Section 10-4A-05 - Quorum; Compensation and Reimbursement; Public Disclosure - (a) (1) Five members of the Authority are a quorum....

Section 10-4A-06 - Advice to and Consultation With Corporation; Meetings - The Authority shall: (1) provide advice to and consult with...

Part II - Designated Capital

Section 10-4A-09 - General Provisions - (a) All designated capital from purchasers shall be deposited into...

Section 10-4A-10 - Bidding Process - (a) The Authority shall obtain the services of an independent...

Section 10-4A-11 - Tax Credit Certificate - (a) Designated capital committed by a purchaser shall be paid...

Section 10-4A-12 - Premium Tax - (a) (1) Subject to the restriction in paragraph (2) of...

Part III - Venture Firms and Investments

Section 10-4A-15 - Independent Third Party - (a) Subject to the approval of the Corporation, the Authority...

Section 10-4A-16 - Venture Firm Certification - (a) In selecting applicants for venture firm certification, the Authority...

Section 10-4A-17 - Qualified Business - (a) (1) A business that is classified as a qualified...

Section 10-4A-18 - Prohibitions of Purchaser or Affiliate - (a) A purchaser or affiliate may not directly or indirectly:...

Section 10-4A-19 - Reports and Audited Financial Statement - (a) Not later than March 31 of each year, each...

Section 10-4A-20 - Distributions - (a) A venture firm may make a qualified distribution at...

Section 10-4A-21 - Investment Returns Used to Make Additional Qualified Investments - Investment returns resulting from the qualified investments made under the...

Section 10-4A-22 - Required Equity Investments - (a) Each venture firm shall be required to make equity...

Part IV - Miscellaneous

Section 10-4A-25 - Miscellaneous Provisions - (a) In any case under the insurance law of the...

Section 10-4A-26 - Applicability of Other Provisions - (a) Except as provided in subsection (b) of this section,...

Section 10-4A-27 - Administration of Subtitle and Regulations - The Corporation shall administer this subtitle and may adopt regulations...

Section 10-4A-28 - Report on Implementation of Program - (a) (1) The Corporation shall submit a report on the...