Maryland SB248 alters the Maryland Technology Development Corporation's investment rules, allowing equity investments in qualified businesses and.
Maryland SB248 modifies the Maryland Technology Development Corporation's investment practices. It allows the Corporation to make equity investments in qualified businesses, including those funded by the Economic Development Opportunities Program Account. The bill authorizes the Corporation to divest from businesses that no longer meet the definition of qualified businesses and pursue other remedies. It sets a 25% ownership limit for investments in enterprises, with exceptions for venture or private equity firms.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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