In conjunction with financial assistance under this subtitle, the Authority may:
(1) accept an option to acquire an equity interest in a business enterprise; and
(2) exercise, in its sole discretion, the option using money from the Fund.
Md. Code Ann., Econ. Dev. § 5-438
Known as the Maryland Industrial Development Financing Authority Act
The act spans §§ 5-401 to 5-466 (53 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.