Maryland HB487 alters the Maryland Technology Development Corporation's investment rules, allowing divestment and other remedies for businesses that.
Maryland HB487 amends the Maryland Technology Development Corporation's investment policies. It allows the Corporation to divest from businesses that no longer meet qualification criteria and pursue other remedies. The bill also authorizes the Corporation to make equity investments in qualified businesses, with a limit of 25% ownership unless investing in venture or private equity firms. The Corporation must adopt regulations for its investment committee, including procedures for considering divestment and other remedies. The changes take effect July 1, 2026.
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