SB1057 (CH0462)

Find a 2016 Bill:

2016 Regular Session



Maryland Technology Development Corporation - Maryland Innovation Initiative - Financing Authority

Sponsored by:

Senator King


Approved by the Governor - Chapter 462

Synopsis:Authorizing the Maryland Innovation Initiative in the Maryland Technology Development Corporation to provide equity investment financing to specified universities or specified entities to promote the commercialization of specified intellectual property, assess specified issues, and pay specified costs; and expanding the authority of the Corporation to use money in the Maryland Innovation Initiative Fund to provide specified equity investment financing.
Analysis:Fiscal and Policy Note
All Sponsors:Senator King
Additional Facts:Cross-filed with: HB1532
Bill File Type: Regular
Effective Date(s): July 1, 2016
Finance  View Committee HearingEconomic Matters  View Committee Hearing
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Committees and Commissions -see also- Political Committees
Corporations -see also- Municipal Corps; Public Corps & Inst
Industry and Technology
Investments -see also- Securities
Prices -see also- Consumer Price Index
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
State Universities and Colleges
Statutes:Article - Economic Development
(10-457, 10-458)

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October 24, 2017 5:11 P.M.