Current with changes from the 2024 Legislative Session
Section 5-313 - CompositionThe 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.