SB0070 (CH0175)

2013 Regular Session



Business and Economic Development - Enterprise Fund and Invest Maryland Program

Sponsored by:

Chair, Budget and Taxation Committee


Approved by the Governor - Chapter 175

Synopsis:Altering the uses and composition of the Enterprise Fund in the Department of Business and Economic Development; authorizing the Department to acquire an ownership interest exceeding 25% when making an equity investment in one or more venture or private equity firms; restricting to a specified percentage the Department's allocation of designated capital in specified side car funds under the Invest Maryland Program; expanding specified prohibitions to apply to a specified purchaser of tax credits; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Chair, Budget and Taxation Committee (By Request - Departmental - Business and Economic Development)
Additional Facts:Bill is an Emergency Bill
Bill File Type: Pre-Filed
Effective Date(s): Upon Enactment
By Request of the Governor
Budget and Taxation  Listen to Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Business and Economic Development, Department of
Business Trusts
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Corporations -see also- Municipal Corps; Public Corps & Inst
Emergency Bills
Financial Institutions -see also- Banks; Credit Unions; etc.
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Investments -see also- Securities
Limited Liability Companies
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Small Business
Tax Credits -see also- Circuit Breaker
Statutes:Article - Economic Development
(5-602, 5-603, 6-501, 6-511, 6-518, 6-520, 6-521, 6-522, 6-529)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:07 P.M.