reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  10-522 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-522 - Cooperation With Other Units

    (a)    (1)    Each unit in the Executive Branch of State government and each institution of higher education in the State may work with the Corporation on matters relating to the unit.        (2)    Each political subdivision and regional planning and development council in the State may work with the Corporation on matters relating to the political subdivision or entity.    (b)    The following units may provide technical and other support to the Corporation:        (1)    the Department;        (2)    the Department of Agriculture;        (3)    the Department of Natural Resources;        (4)    the Maryland Economic Development Corporation;        (5)    the Maryland Food Center Authority;        (6)    the Maryland Technology Development Corporation;        (7)    the Rural Maryland Council; and        (8)    the Maryland Cooperative Extension Service.
MD. Economic Development Code Ann. §  10-523 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-523 - Funding

    (a)    (1)    The Corporation may receive annual funding through an appropriation in the State budget.        (2)    The Corporation may also receive money for projects included in the budgets of State units.        (3)    (i)    To assist the Corporation in complying with subsection (c) of this section, the Governor shall include each year in the State budget bill an appropriation to the Corporation for rural business development and assistance as follows:                1.    for fiscal year 2021, $2,875,000; and                2.    for each of the fiscal years 2022 through 2025, $2,735,000.            (ii)    In addition to any money provided under subparagraph (i) of this paragraph, the Governor may include each year in the State budget bill an appropriation to the Corporation in an amount not exceeding $5,000,000 for rural land acquisition and easement programs, including programs to assist young and beginning farmers.    (b)    (1)    The funds appropriated to the Corporation under subsection (a)(3)(i)2 of this section shall be used to support the Corporation’s rural business loan programs and small matching grant programs.        (2)    All unexpended and unencumbered money appropriated to the Corporation shall remain with the Corporation for future use.    (c)    The Corporation shall conduct its financial affairs so that, by fiscal year 2026, it is self–sufficient and in no further need of general operating support by the State.    (d)    The Corporation may use up to 3% of the money received under § 13–306(a)(3)(ii)2 of the Tax – Property Article for administrative costs associated with the Next Generation Farmland Acquisition Program.
MD. Economic Development Code Ann. §  10-524 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-524 - Liability of Corporation

    (a)    A debt, claim, obligation, or liability of the Corporation, whenever incurred, is the debt, claim, obligation, or liability of the Corporation only and not of the State, a unit or instrumentality of the State, or a State officer or employee.    (b)    A debt, claim, obligation, or liability of the Corporation may not be considered a debt of the State or a pledge of its credit.
MD. Economic Development Code Ann. §  10-525 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-525 - Tax Status

    The Corporation is exempt from State and local taxes.
MD. Economic Development Code Ann. §  10-526 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-526 - Audit

    The books and records of the Corporation are subject to audit:        (1)    by the State at its discretion; and        (2)    each year by an independent auditor.
MD. Economic Development Code Ann. §  10-527 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation|Section 10-527 - Annual Report

    (a)    On or before October 1 of each year, the Corporation shall report on its status to the Governor, the Maryland Agricultural Commission, the Maryland Economic Development Commission, and, in accordance with § 2-1257 of the State Government Article, the General Assembly.    (b)    The report shall include a complete operating and financial statement and a summary of the Corporation’s activities during the preceding fiscal year.
MD. Economic Development Code Ann. §  10-701 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-701 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Board” means the Board of Trustees of the Maryland Venture Capital Trust.    (c)    “Investor” means a person or governmental entity that invests money in the Maryland Venture Capital Trust.    (d)    (1)    “Seed capital financing” means financing provided to a business during the initial stages of its development.        (2)    “Seed capital financing” includes financing for a business:            (i)    to finish research and development of a product;            (ii)    to develop marketing plans; and            (iii)    to provide for initial facilities, inventory, and working capital.    (e)    “Trust” means the Maryland Venture Capital Trust.    (f)    “Venture capital fund” means an investment fund that provides capital to a business at any stage of its development before the business makes a public offering of stock.
MD. Economic Development Code Ann. §  10-702 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-702 - Legislative Findings; Intent

    (a)    The General Assembly finds that:        (1)    small businesses are a major source of new jobs and innovations in the State;        (2)    the State’s research capacity could spur innovation in new and existing businesses to create and maintain jobs in the State; and        (3)    an inadequate supply of seed capital financing and venture capital funds has limited the commercialization of research and development in the State.    (b)    The General Assembly intends for the Trust to:        (1)    help fill the gap in the State’s economy caused by the inadequate supply of seed capital financing and venture capital funds; and        (2)    stimulate the commercialization of research and development to create and sustain businesses throughout the State.
MD. Economic Development Code Ann. §  10-703 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-703 - Construction of Subtitle

    This subtitle shall be liberally construed to accomplish its purposes.
MD. Economic Development Code Ann. §  10-704 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-704 - Established

    (a)    There is a Maryland Venture Capital Trust.    (b)    The Trust is a body politic and corporate and is an instrumentality of the State.
MD. Economic Development Code Ann. §  10-705 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-705 - Board of Trustees

    (a)    There is a Board of Trustees of the Trust.    (b)    (1)    The Board consists of seven members appointed by the Governor with the advice and consent of the Senate.        (2)    Of the seven members:            (i)    four shall represent the investors and have been recommended to the Governor by the investors;            (ii)    at least one shall have expertise in venture capital financing; and            (iii)    at least one shall have experience as a small business owner.        (3)    Each member shall be a resident of the State.        (4)    The Governor shall consider geographic diversity of the State when appointing members of the Board.    (c)    (1)    The term of a member is 4 years.        (2)    The terms of members are staggered as required by the terms provided for members of the Board on October 1, 2008.        (3)    At the end of a term, a 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.        (5)    The Governor may remove a member with or without cause.    (d)    The Governor shall appoint a chair from among the Board members.    (e)    (1)    A majority of the members then serving on the Board is a quorum.        (2)    A majority vote of the members present at a meeting having a quorum is needed for the Board to act.    (f)    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.    (g)    The Board:        (1)    shall manage the Trust; and        (2)    exercises all of the corporate powers of the Trust.
MD. Economic Development Code Ann. §  10-706 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-706 - Applicability of Other Laws

    (a)    The Trust is:        (1)    exempt from the General Procurement Law provisions of Division II of the State Finance and Procurement Article; but        (2)    subject to Title 12, Subtitle 4 of the State Finance and Procurement Article.    (b)    The Trust is exempt from the provisions of Division I of the State Personnel and Pensions Article that govern the State Personnel Management System.
MD. Economic Development Code Ann. §  10-707 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-707 - Powers

    (a)    The Trust may:        (1)    solicit and accept for investment in the Trust money from any source including not more than $2,000,000 in appropriations from the State;        (2)    enter into agreements with the investors that set forth the terms governing the investment of money in the Trust by the investors;        (3)    by preparing and publishing requests for proposals, solicit offerings by venture capitalists and venture capital funds that meet the purposes and requirements of the Trust, which shall be set forth in the requests for proposals;        (4)    subject to § 10-708 of this subtitle, select the venture capital funds in which to invest money from the Trust;        (5)    retain investment earnings that exceed the investment earnings that the Trust must pay to investors; and        (6)    take any action necessary to carry out the powers expressly granted by this subtitle.    (b)    (1)    The Trust may not accept a cumulative investment of more than $15,000,000 from the State Retirement and Pension System.        (2)    The Trust may not accept a cumulative investment of more than $5,000,000 from any other single investor.
MD. Economic Development Code Ann. §  10-708 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-708 - Preferred Proposals

    The Board shall give preference to venture capital fund proposals that:         (1)    provide financing predominately to businesses that conduct a substantial amount of business in the State;        (2)    require venture capital funds to match the money invested by the Trust with money invested by private investors on at least a 1 to 3 ratio; and        (3)    ensure that a majority of the money that the Trust invests is for seed capital financing in the State.
MD. Economic Development Code Ann. §  10-709 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-709 - Seed Capital Investments

    Seed capital financing may not exceed $1,000,000 for a single business.
MD. Economic Development Code Ann. §  10-710 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-710 - Liability of State

    A debt, claim, obligation, or liability of the Trust is not a debt, claim, obligation, or liability of the State or a unit or instrumentality of the State or a pledge of the State’s credit.
MD. Economic Development Code Ann. §  10-711 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-711 - Tax Status

    The Trust is exempt from taxation by the State and local governments.
MD. Economic Development Code Ann. §  10-712 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 7 - Maryland Venture Capital Trust|Section 10-712 - Audits

    (a)    Each year, an independent auditor approved by the State shall audit the books and records of the Trust.    (b)    At its discretion, the State may audit the books and records of the Trust.    (c)    The Trust shall pay the expense of an audit conducted under this section.
MD. Economic Development Code Ann. §  10-901 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 9 - Maryland Public-Private Partnership Marketing Corporation|Section 10-901 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Board” means the Board of Directors of the Corporation.    (c)    “Corporation” means the Maryland Public–Private Partnership Marketing Corporation.
MD. Economic Development Code Ann. §  10-902 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 9 - Maryland Public-Private Partnership Marketing Corporation|Section 10-902 - Corporation Established

    (a)    There is a Maryland Public–Private Partnership Marketing Corporation.    (b)    The Corporation is a body politic and corporate and is an instrumentality of the State.    (c)    The purposes of the Corporation are to:        (1)    create a branding strategy for the State;        (2)    market the State’s assets to out–of–state businesses;        (3)    recruit out–of–state businesses to locate and grow in the State; and        (4)    foster public–private partnerships that encourage location and development of new businesses in the State.
MD. Economic Development Code Ann. §  10-903 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 9 - Maryland Public-Private Partnership Marketing Corporation|Section 10-903 - Board of Directors

    (a)    A Board of Directors shall manage the Corporation and its units and exercise the corporate powers of the Board of Directors.    (b)    The Board consists of the following 17 members:        (1)    the Secretary;        (2)    (i)    one member of the Senate of Maryland, who shall be a nonvoting member of the Board, designated by the President of the Senate; and            (ii)    one member of the House of Delegates, who shall be a nonvoting member of the Board, designated by the Speaker of the House; and        (3)    the following 14 members, appointed by the Governor with the advice and consent of the Senate:            (i)    three representing businesses in the State;            (ii)    two representing labor in the State;            (iii)    two representing nonprofit organizations in the State;            (iv)    three with expertise in marketing or advertising;            (v)    one with expertise in public relations and communications; and            (vi)    three with expertise in economic development.    (c)    Each member of the Board shall reside in the State.    (d)    In making appointments to the Board, the Governor shall consider diversity and 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, 2015.        (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 the members of the Board.    (i)    The Board may act with an affirmative vote of nine board members.
MD. Economic Development Code Ann. §  10-904 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 9 - Maryland Public-Private Partnership Marketing Corporation|Section 10-904 - 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. §  10-905 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 9 - Maryland Public-Private Partnership Marketing Corporation|Section 10-905 - Economic Development Marketing Fund

    (a)    In this section, “Fund” means the Economic Development Marketing Fund.    (b)    There is an Economic Development Marketing Fund.    (c)    The Corporation shall administer the Fund.    (d)    (1)    The Fund is a special, nonlapsing revolving fund that is not subject to reversion under § 7–302 of the State Finance and Procurement Article.        (2)    The Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.    (e)    The Fund consists of:        (1)    money appropriated in the State budget to the Fund;        (2)    money made available to the Fund through federal programs or private contributions;        (3)    money derived by the Corporation from the sale of advertising, publications, sponsorships, or other promotional or marketing opportunities; or        (4)    any other money made available to the Corporation for the Fund.    (f)    (1)    The Fund may be used only to market the State as a location for businesses to locate, retain, or expand their operations through any of the following means:            (i)    website management;            (ii)    media content creation;            (iii)    social media outreach;            (iv)    electronic mail marketing to promote events and opportunities for businesses;            (v)    collateral and display development;            (vi)    event management; and            (vii)    any other approaches the Corporation determines to be appropriate.        (2)    The Corporation may conduct these activities directly or through contract providers.    (g)    (1)    The Treasurer shall invest money in the Fund in the same manner as other State money may be invested.        (2)    Any investment earnings of the Fund shall be paid into the Fund.    (h)    Nothing in this section may be construed to prevent the Department from expending funds appropriated in the State budget to the Department directly for marketing purposes.
MD. Economic Development Code Ann. §  10-906 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 9 - Maryland Public-Private Partnership Marketing Corporation|Section 10-906 - Legal Advisor

    (a)    The Attorney General is the legal advisor to the Corporation.    (b)    With the approval of the Attorney General, the Corporation may retain any necessary lawyers.
MD. Economic Development Code Ann. §  10-907 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 9 - Maryland Public-Private Partnership Marketing Corporation|Section 10-907 - Advisors and Consultants

    The Corporation may retain any necessary accountants, financial advisors, or other consultants.