reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  10-403 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-403 - Board of Directors

    (a)    (1)    A Board of Directors shall manage the Corporation and its units and exercise its corporate powers.        (2)    (i)    The Board of Directors may appoint members of an advisory committee.            (ii)    If the Board of Directors appoints an advisory committee, the Board shall adopt policies establishing the responsibilities of the advisory committee.    (b)    The Board consists of the following 15 members:        (1)    the Secretary or the Secretary’s designee; and        (2)    fourteen members appointed by the Governor with the advice and consent of the Senate:            (i)    two representing the nonprofit research sector of the State;            (ii)    two with expertise in venture capital financing;            (iii)    five with experience in technology–based businesses;            (iv)    two representing colleges and universities; and            (v)    three members of the general public.    (c)    A member of the Board shall reside in the State.    (d)    In making appointments to the Board, the Governor shall consider:        (1)    diversity; and        (2)    all geographic regions of the State.    (e)    A member of the Board:        (1)    may not receive compensation as a member of the Board; but        (2)    is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.    (f)    (1)    The term of an appointed member is 4 years.        (2)    The terms of the appointed members are staggered as required by the terms provided for members on October 1, 2008.        (3)    At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.        (4)    A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.    (g)    The Governor may remove an appointed member for incompetence, misconduct, or failure to perform the duties of the position.    (h)    The Board shall elect a chair from among its members.    (i)    The Board may act with an affirmative vote of nine Board members.
MD. Economic Development Code Ann. §  10-404 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-404 - Executive Director

    (a)    The Corporation shall employ an Executive Director.    (b)    The Executive Director shall have experience with and possess qualifications relevant to the activities and purposes of the Corporation.
MD. Economic Development Code Ann. §  10-405 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-405 - Legal Advisor

    (a)    The Attorney General is the legal advisor to the Corporation.    (b)    (1)    The Attorney General shall assign to the Corporation assistant Attorneys General.        (2)    The Attorney General shall designate one assistant Attorney General as general counsel to the Corporation.        (3)    (i)    The general counsel to the Corporation shall:                1.    advise the Executive Director, Board of Directors, and any other official of the Corporation as requested by the Corporation;                2.    supervise the other assistant Attorneys General assigned to the Corporation; and                3.    perform for the Corporation other duties the Attorney General assigns.            (ii)    The general counsel may not provide any other assistance not specified in subparagraph (i) of this paragraph.    (c)    With the approval of the Attorney General, the Corporation may retain any additional necessary lawyers.
MD. Economic Development Code Ann. §  10-406 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-406 - Staff

    The Corporation may retain any necessary accountants, engineers, financial advisors, or other consultants.
MD. Economic Development Code Ann. §  10-407 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-407 - Applicability of Other Laws

    (a)    Except as provided in subsections (b), (c), and (e) of this section, the Corporation is exempt from:        (1)    Title 10 and Division II of the State Finance and Procurement Article; and        (2)    §§ 3–301 and 3–303 of the General Provisions Article.    (b)    The Corporation is subject to the Public Information Act.    (c)    The Board, the officers and employees of the Corporation, members of the investment committee, and members of any advisory committee appointed are subject to the Public Ethics Law.    (d)    The officers and employees of the Corporation are not subject to the provisions of Division I of the State Personnel and Pensions Article that govern the State Personnel Management System.    (e)    (1)    The Corporation, its Board, and employees are subject to Title 12, Subtitle 4 of the State Finance and Procurement Article.        (2)    The Board, the officers and employees of the Corporation, the members of the investment committee, and the members of any advisory committee appointed shall disclose to the State Ethics Commission whether they are employed by or have a financial interest in an entity that currently has or will apply for funds or an investment in a program administered by the Corporation.
MD. Economic Development Code Ann. §  10-408 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-408 - Duties and Powers -- in General

    (a)    The Corporation shall adopt regulations establishing:        (1)    the investment committee;        (2)    the responsibilities of the investment committee; and        (3)    the procedures for the appointment of investment committee members.    (b)    The Corporation may:        (1)    adopt bylaws for the conduct of its business;        (2)    adopt a seal;        (3)    maintain offices at a place it designates in the State;        (4)    accept loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, or a private source;        (5)    enter into contracts and other legal instruments;        (6)    sue or be sued;        (7)    acquire, purchase, hold, lease as lessee, and use:            (i)    a franchise, patent, or license;            (ii)    any real, personal, mixed, tangible, or intangible property; or            (iii)    an interest in the property listed in this item;        (8)    sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires;        (9)    fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available;        (10)    create, own, control, or be a member of a corporation, limited liability company, partnership, or other entity, whether operated for profit or not for profit;        (11)    exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and        (12)    do all things necessary or convenient to carry out the powers granted by this subtitle.
MD. Economic Development Code Ann. §  10-409 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-409 - Powers -- Grants and Investment

    (a)    Except as provided in subsection (c) of this section, the Corporation may make grants to or provide equity investment financing for technology–based businesses, if:        (1)    the investments are made to a qualified business;        (2)    the investments are made on review and approval of a written application that:            (i)    contains sufficient information to verify that the qualified business has its principal business operations in the State or will have a substantial economic impact on the State; and            (ii)    contains a certification of the veracity of the information by an authorized signatory of the qualified business; and        (3)    at least the number of members that constitutes a quorum of any fund or authority has been appointed under the requirements for that fund or authority.    (b)    In regard to any and all programs of the Corporation, except as otherwise provided in this subtitle and Subtitle 4A of this title, the Corporation shall adopt regulations to govern investments under this subsection that specify:        (1)    the types of qualified businesses in which an investment may be made;        (2)    the basic standards an enterprise shall meet to qualify for an investment;        (3)    the amount of money available for investment;        (4)    the investment policy statement of the Corporation that describes the procedures, criteria, investment philosophy, and guidelines for how the Corporation’s investment decisions will be made; and        (5)    a process for the consideration of whether investments help to foster inclusive and diverse entrepreneurship, including the Corporation’s support for marketing and other efforts to raise awareness of programs to assist small, minority, and women–owned businesses.    (c)    The Corporation may make investments under an agreement with the Board of Trustees for the State Retirement and Pension System under § 21–123.2 of the State Personnel and Pensions Article.
MD. Economic Development Code Ann. §  10-410 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-410 - Powers -- Projects

    The Corporation may:         (1)    acquire, develop, improve, manage, market, license, sublicense, maintain, lease as lessor or lessee, or operate a project in the State to carry out its purposes;        (2)    acquire, directly or indirectly, from a person or political subdivision, by purchase, gift, or devise any property, rights-of-way, franchises, easements, or other interests in land, including submerged land and riparian rights:            (i)    as necessary or convenient to improve or operate a project to carry out its purposes; and            (ii)    on the terms and at the prices that it considers reasonable; and        (3)    enter into a project with a manufacturer to carry out its purposes.
MD. Economic Development Code Ann. §  10-411 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-411 - Liability; Credit

    A debt, claim, obligation, or liability of the Corporation or any subsidiary is not:         (1)    a debt, claim, obligation, or liability of the State, a unit or instrumentality of the State, or of a State officer or State employee; or        (2)    a pledge of the credit of the State.
MD. Economic Development Code Ann. §  10-412 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-412 - Participation by Colleges and Universities

    Colleges and universities may:         (1)    contract with the Corporation or its subsidiaries;        (2)    assign to the Corporation or its subsidiaries intellectual property and other resources to assist in its development and activities; and        (3)    assign faculty and staff to the Corporation.
MD. Economic Development Code Ann. §  10-413 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-413 - Tax Status

    The Corporation is exempt from State and local taxes.
MD. Economic Development Code Ann. §  10-414 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-414 - Audit

    The books and records of the Corporation are subject to audit:        (1)    at any time by the State; and        (2)    each year by an independent auditor.
MD. Economic Development Code Ann. §  10-415 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part I - General Provisions|Section 10-415 - Reports

    (a)    (1)    On or before October 1 of each year, the Corporation shall report to the Governor, the Maryland Economic Development Commission, and, in accordance with § 2–1257 of the State Government Article, the General Assembly.        (2)    The report required under this subsection shall include:            (i)    a complete operating and financial statement covering the Corporation’s operations;            (ii)    a summary of the Corporation’s activities during the preceding fiscal year;            (iii)    information on all salaries and any incentives approved by the Board for Corporation employees;            (iv)    information on outreach, training, mentorship, support, and investment in minority and women–owned qualified businesses, including support for marketing by the Maryland Small Business Development Financing Authority;            (v)    information on entities that have current investments and entities that received funding or investments in the current year on the:                1.    principal business operations;                2.    number of employees in the State and the number of employees outside the State;                3.    capital or other investments made in the State; and                4.    proposed and actual job creation or capital investment in the State as a result of the investment or support;            (vi)    a list of businesses that have received funding that would no longer qualify as a qualified business; and            (vii)    information on the creation of and appointments made to an advisory committee and the responsibilities of the advisory committee and members of the committee.    (b)    (1)    On a quarterly basis, the Corporation shall report to the Governor, the Maryland Economic Development Commission, and, in accordance with § 2–1257 of the State Government Article, the Joint Audit and Evaluation Committee and the General Assembly.        (2)    The report required under this subsection shall include a list of the qualified businesses or other businesses receiving support through programs administered by the Corporation, including those receiving investments made under § 21–123.2 of the State Personnel and Pensions Article.        (3)    The list of qualified businesses or other businesses receiving support shall include for each business:            (i)    the number of employees in the State;            (ii)    the number of employees outside the State;            (iii)    the capital or other investments made in the State; and            (iv)    proposed job creation or capital investment in the State as a result of the investment or support.
MD. Economic Development Code Ann. §  10-418 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-418 - Definitions

    (a)    In this part the following words have the meanings indicated.    (b)    “Financial assistance” means a grant, loan, credit enhancement, or similar assistance.    (c)    “Program” means the Maryland Technology Incubator Program.
MD. Economic Development Code Ann. §  10-419 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-419 - Established

    (a)    There is a Maryland Technology Incubator Program.    (b)    The Corporation shall administer the Program.
MD. Economic Development Code Ann. §  10-420 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-420 - Purpose

    The purpose of the Program is to promote entrepreneurship and the creation of jobs in technology-related industry by establishing and operating effective incubators throughout the State that provide adequate physical space designed, and programs intended, to increase or accelerate business success in the field of technology.
MD. Economic Development Code Ann. §  10-421 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-421 - Awards

    To carry out the purposes of the Program, the Board shall award financial assistance under this part.
MD. Economic Development Code Ann. §  10-422 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-422 - Sources

    The Board may award financial assistance using money provided by the State, the federal government, or a nongovernmental entity.
MD. Economic Development Code Ann. §  10-423 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-423 - Allowed Purposes

    (a)    After consulting with the Secretary, the Board shall adopt standards to award financial assistance.    (b)    The standards shall authorize the award of financial assistance to:        (1)    support the development and use of best practices in the incubation process;        (2)    provide strategic planning, needs assessments, and feasibility studies; or        (3)    help acquire or improve new or expanded space or improve existing space for an incubator, including providing or helping another with:            (i)    acquisition of land;            (ii)    acquisition of architectural or engineering services;            (iii)    payment of administrative costs;            (iv)    development or upgrading of communications infrastructure;            (v)    acquisition of furnishings or equipment; or            (vi)    acquisition of other items associated with tenant build-out.
MD. Economic Development Code Ann. §  10-424 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-424 - Allowed Recipients

    The Board may award financial assistance to:        (1)    a local government;        (2)    an agency, instrumentality, or nonprofit corporation that the local government designates;        (3)    a public or private college or university;        (4)    the Maryland Economic Development Corporation; or        (5)    a nonprofit entity operating an incubator in the State.
MD. Economic Development Code Ann. §  10-425 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-425 - Matching Funds

    (a)    A recipient of financial assistance under § 10-423(b)(3) of this subtitle shall provide matching funds or in-kind contributions for the project at least equal to the financial assistance awarded.    (b)    The Board may waive the requirement of subsection (a) of this section for good cause shown.
MD. Economic Development Code Ann. §  10-426 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 4 - Maryland Technology Development Corporation|Part II - Maryland Technology Incubator Program|Section 10-426 - Limitation

    Unless two-thirds of the membership of the Board approve, the Board may not award financial assistance within a single county under § 10-423(b)(3) of this subtitle that exceeds a total of $1,000,000 in a single fiscal year.