reglab/statecodes huggingface dataset:
2023 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 Title 10 and Division II of the State Finance and Procurement 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.
(f)    For purposes of the Open Meetings Act, a project site visit or educational field tour may not be considered a meeting of the Corporation if no organizational business is conducted.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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 10-416 - Comprehensive Technical Assistance Program -- Purpose -- Annual Report -- Regulations Adopted

(a)    There is a Comprehensive Technical Assistance Program in the Corporation.
(b)    (1)    The purpose of the Program is to provide comprehensive technical assistance to any business that qualifies for financial assistance under this subtitle or any other program in the portfolio of the Corporation.
(2)    The technical assistance provided under the Program shall:
(i)    incorporate existing services of the Corporation;
(ii)    include flexible and customized applied training services;
(iii)    include the use of a network of experienced advisors to serve as mentors and loaned executives; and
(iv)    include support with attracting and accessing private capital.
(c)    The Corporation shall include, as part of its annual report to the Governor and the General Assembly under § 10–415 of this subtitle, a detailed description of the implementation of the Program.
(d)    The Corporation shall adopt regulations to carry out this section.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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 III - Stem Cell Research › Section 10-429 - Definitions

(a)    In this part the following words have the meanings indicated.
(b)    “Adult stem cell” means a stem cell that is:
(1)    derived from human tissue; and
(2)    obtained after birth.
(c)    “Commission” means the Stem Cell Research Commission.
(d)    “Committee” means the independent scientific peer review committee that contracts with the Commission under § 10-436 of this subtitle.
(e)    “Fund” means the Maryland Stem Cell Research Fund established under § 10-434 of this subtitle.
(f)    “Human cloning” means the replication of a human being through the production of a precise genetic copy of nuclear human DNA or any other human molecule, cell, or tissue in order to create a new human being or to allow development beyond an embryo.
(g)    “Institutional review board” has the meaning stated in the federal regulations on the protection of human subjects.
(h)    “Oocyte” means a female germ cell or egg.
(i)    “State-funded stem cell research” means stem cell research conducted with State money and using:
(1)    material obtained in accordance with § 10-438 of this subtitle; or
(2)    adult stem cells.
(j)    “Stem cell” means a human cell that has the ability to:
(1)    divide indefinitely;
(2)    give rise to many other types of specialized cells; and
(3)    give rise to new stem cells with identical potential.
(k)    “Valuable consideration” means financial gain or advantage in connection with material obtained in accordance with § 10-438 of this subtitle.
2023 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 III - Stem Cell Research › Section 10-431 - Stem Cell Research Commission

(a)    There is a Stem Cell Research Commission.
(b)    The Commission is an independent commission that functions in the Corporation.
(c)    The Commission consists of the following members:
(1)    the Attorney General or the Attorney General’s designee;
(2)    three patient advocates, one appointed by the Governor, one appointed by the President of the Senate, and one appointed by the Speaker of the House of Delegates;
(3)    three individuals with experience in biotechnology, one appointed by the Governor, one appointed by the President of the Senate, and one appointed by the Speaker of the House of Delegates;
(4)    two individuals who work as scientists for the University System of Maryland and do not engage in stem cell research, appointed by the University System of Maryland;
(5)    two individuals who work as scientists for the Johns Hopkins University and do not engage in stem cell research, appointed by the Johns Hopkins University;
(6)    two bioethicists, one appointed by the University System of Maryland and one appointed by the Johns Hopkins University; and
(7)    two individuals with expertise in the field of biomedical ethics as it relates to religion, appointed by the Governor.
(d)    (1)    The term of an appointed member is 2 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)    An appointed member may not serve more than three consecutive full terms.
(5)    An appointed 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.
(e)    Each member of the Commission shall disclose to the State Commission on Ethics whether the member is employed by or has a financial interest in an entity that may apply to conduct State–funded stem cell research.
(f)    The members of the Commission shall elect a chair from among the appointed members of the Commission.
(g)    A majority of the full authorized membership of the Commission is a quorum.
(h)    The Commission shall meet at least twice a year.
(i)    A member of the Commission:
(1)    may not receive compensation as a member of the Commission; but
(2)    is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
(j)    The Commission may employ a staff, including contractual staff, in accordance with the State budget.
2023 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 III - Stem Cell Research › Section 10-432 - Duties

(a)    The Commission shall:
(1)    adopt regulations that ensure that adult stem cell and stem cell research financed by the Fund complies with State law;
(2)    develop criteria, standards, and requirements for the initial review of grant and loan applications by the Commission;
(3)    review grant and loan applications to ensure that each application is complete and satisfies the criteria, standards, and requirements developed by the Commission, including approval by an institutional review board;
(4)    establish procedures and guidelines to be used by the committee for the review, evaluation, ranking, and rating of research proposals for State–funded stem cell research;
(5)    ensure that the procedures and guidelines established under item (4) of this subsection are based on the guidelines of the National Institutes of Health Center for Scientific Review;
(6)    establish criteria, standards, and requirements for consideration of grant and loan applications based on the rankings and ratings of the committee;
(7)    make recommendations consistent with the criteria, standards, and requirements established by the Commission and based on the rankings and ratings of the committee regarding the award of grants and loans from the Fund;
(8)    establish standards for the oversight and use of awards;
(9)    conduct progress oversight reviews of recipients;
(10)    notify the Corporation regarding the submission by a recipient, or failure of a recipient, to submit institutional review board approval for a grant or loan awarded under this part; and
(11)    develop guidelines on disclosure and recusal to be followed by members of the Commission when considering grant and loan applications.
(b)    The Commission may consult with experts in performing its duties.
2023 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 III - Stem Cell Research › Section 10-434 - Maryland Stem Cell Research Fund

(a)    There is a Maryland Stem Cell Research Fund.
(b)    The purpose of the Fund is to promote State–funded stem cell research and cures through grants and loans to public and private entities in the State.
(c)    The Corporation shall administer the Fund.
(d)    (1)    The Fund is a special, nonlapsing 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)    appropriations as provided in the State budget; and
(2)    any other money from any other source accepted for the benefit of the Fund.
(f)    Money in the Fund may only be used to:
(1)    award grants and loans for State–funded stem cell research, in accordance with the recommendations of the Commission;
(2)    award grants and loans for facilities, capital leases, and capital equipment where State–funded stem cell research is conducted, in accordance with the recommendations of the Commission; and
(3)    pay the costs necessary to administer the Fund.
(g)    (1)    The Treasurer shall invest the money in the Fund in the same manner as other State money may be invested.
(2)    Any investment earnings shall be paid into the Fund.
(h)    (1)    The Governor may include in the State budget bill each fiscal year an appropriation to the Fund.
(2)    Expenditures from the Fund may only be made in accordance with an appropriation approved by the General Assembly in the State budget or by an approved budget amendment.
2023 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 III - Stem Cell Research › Section 10-435 - Grant and Loan Conditions

(a)    A grant or loan awarded under this part is contingent on the recipient:
(1)    submitting to the Commission approval from an institutional review board; and
(2)    entering into a memorandum of understanding with the Corporation that:
(i)    establishes the scope of the State’s ownership or other financial interest in the commercialization and other benefits of the results, products, inventions, and discoveries of State-funded stem cell research; and
(ii)    to the extent consistent with federal and State law, reflects the intellectual property policies of the institution.
(b)    A recipient shall submit the approval required under subsection (a)(1) of this section within 6 months after the award of the grant or loan.
(c)    The Corporation may not disburse grant or loan money to a recipient until:
(1)    the recipient has obtained the approval required under subsection (a)(1) of this section; and
(2)    the recipient and the Corporation have entered into the memorandum of understanding required under subsection (a)(2) of this section.
2023 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 III - Stem Cell Research › Section 10-436 - Peer Review Committee

(a)    The Commission shall contract with an independent scientific peer review committee composed of scientifically recognized experts in the field of stem cell research.
(b)    The committee shall:
(1)    review, evaluate, rank, and rate research proposals for State-funded stem cell research:
(i)    based on the procedures and guidelines established by the Commission; and
(ii)    in a manner that gives due consideration to the scientific, medical, and ethical implications of the research; and
(2)    make recommendations to the Commission, based on the rankings and ratings awarded to research proposals by the committee, for the award and disbursement of grants and loans under the Fund.
(c)    A member of the committee:
(1)    is not eligible to receive a grant or loan for State-funded stem cell research from the Fund;
(2)    may not reside in the State; and
(3)    shall be subject to conflict of interest standards that are at least as stringent as the standards on conflict of interest adopted by the National Institutes of Health.
2023 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 III - Stem Cell Research › Section 10-437 - Manner of Conducting State-Funded Stem Cell Research

(a)    A person who conducts State-funded stem cell research shall conduct the research in a manner that considers the ethical and medical implications of the research.
(b)    A person who conducts State-funded stem cell research may not engage in any research that intentionally and directly leads to human cloning.
2023 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 III - Stem Cell Research › Section 10-438 - Unused Donated Material

(a)    A health care practitioner licensed under the Health Occupations Article who treats individuals for infertility shall:
(1)    provide individuals with information sufficient to enable them to make an informed and voluntary choice regarding the disposition of any unused material; and
(2)    present to individuals the option of:
(i)    storing or discarding any unused material;
(ii)    donating any unused material for clinical purposes in the treatment of infertility;
(iii)    except as provided in subsection (b) of this section, donating any unused material for research purposes; and
(iv)    donating any unused material for adoption purposes.
(b)    Any unused material donated for State-funded stem cell research may not be an oocyte.
(c)    An individual who donates any unused material for research purposes under subsection (a)(2) of this section shall provide the health care practitioner with written consent for the donation.
2023 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 III - Stem Cell Research › Section 10-439 - Prohibited Acts -- Donated Material

(a)    A person may not purchase, sell, transfer, or obtain any material donated in accordance with § 10-438 of this subtitle for valuable consideration.
(b)    A person may not give valuable consideration to another to encourage the production of material donated in accordance with § 10-438 of this subtitle for the sole purpose of medical research.
(c)    A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 3 years or a fine not exceeding $50,000 or both.
2023 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 III - Stem Cell Research › Section 10-440 - Prohibited Acts -- Human Cloning

(a)    A person may not conduct or attempt to conduct human cloning.
(b)    A person who violates this section is guilty of a felony and on conviction is subject to imprisonment not exceeding 10 years or a fine not exceeding $200,000 or both.
2023 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 III - Stem Cell Research › Section 10-441 - Regulations

The Corporation, in consultation with the Commission, shall adopt regulations to establish procedures for making the disbursement of a grant or loan contingent on obtaining the approval of an institutional review board.
2023 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 III - Stem Cell Research › Section 10-442 - Annual Report

(a)    On or before January 1 of each year, the Corporation and the Commission shall report to the Governor and, in accordance with § 2–1257 of the State Government Article, the General Assembly on the progress of State–funded stem cell research conducted in accordance with this part.
(b)    The report shall identify:
(1)    each recipient of money from the Fund;
(2)    the amount of money awarded to each recipient; and
(3)    a description of the type of stem cell research performed by the recipient.
2023 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 IV - Coordinating Emerging Nanobiotechnology Research in Maryland Program › Section 10-445 - Definitions

(a)    In this part the following words have the meanings indicated.
(b)    “CENTR Maryland Program” or “Program” means the Coordinating Emerging Nanobiotechnology Research in Maryland Program established under § 10–447 of this subtitle.
(c)    “Fund” means the Coordinating Emerging Nanobiotechnology Research in Maryland Fund established under § 10–448 of this subtitle.
(d)    “Nanobiotechnology” means the application of nanotechnology to the life sciences including research relating to the characterization of nanomaterials for health and environmental safety implications.
2023 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 IV - Coordinating Emerging Nanobiotechnology Research in Maryland Program › Section 10-446 - Legislative Findings

The General Assembly finds and declares that:
(1)    nanobiotechnology offers tremendous potential to revolutionize medical and life science research and to enable discoveries that will enrich and improve the quality of life for the people of the State;
(2)    the provision of funds for nanobiotechnology projects is vital to supporting this emerging technology; and
(3)    fostering partnerships among federal institutions, private sector entities, and institutions of higher education will help secure the State’s position as a leader in nanobiotechnology research and assist in securing the State’s economic future.
2023 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 IV - Coordinating Emerging Nanobiotechnology Research in Maryland Program › Section 10-447 - Coordinating Emerging Nanobiotechnology Research in Maryland Program

(a)    There is a Coordinating Emerging Nanobiotechnology Research in Maryland Program.
(b)    The purpose of the CENTR Maryland Program is to:
(1)    support and promote advanced research in nanobiotechnology in the State;
(2)    support nanobiotechnology research activities at postsecondary education institutions; and
(3)    establish the State as a key location for nanobiotechnology research and industry.
(c)    The Corporation shall foster public–private partnerships as feasible to carry out the purpose of the CENTR Maryland Program.
2023 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 IV - Coordinating Emerging Nanobiotechnology Research in Maryland Program › Section 10-448 - Coordinating Emerging Nanobiotechnology Research in Maryland Fund

(a)    There is a Coordinating Emerging Nanobiotechnology Research in Maryland Fund in the Corporation.
(b)    (1)    The Fund is a special, nonlapsing 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.
(c)    The Fund consists of:
(1)    appropriations as provided in the State budget; and
(2)    any other money from any other source accepted for the benefit of the CENTR Maryland Program.
(d)    The Chief Executive Officer of the Corporation, or the Chief Executive Officer’s designee, shall administer the Fund in accordance with this part and other applicable law.
(e)    The Fund shall be used to cover the costs of the Program, including any grants that are awarded to eligible recipients.
(f)    (1)    The Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2)    Any investment earnings of the Fund shall be credited to the Fund.
(g)    The Legislative Auditor shall audit the accounts and transactions of the Fund as provided in § 2–1220 of the State Government Article.
2023 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 IV - Coordinating Emerging Nanobiotechnology Research in Maryland Program › Section 10-449 - Financial Assistance

(a)    Within the CENTR Maryland Program, subject to available funding, the Corporation shall award capital and operating grants from the Fund to private sector entities and institutions of higher education in the State to:
(1)    leverage federal funding for the establishment or construction of research centers in the State;
(2)    provide pilot funding for faculty at institutions of higher education in the State to develop initial research data for the development of larger grant funding proposals;
(3)    foster public–private partnerships between private industry and institutions of higher education in the State; and
(4)    assist with the transfer of nanobiotechnology research into commercial applications.
(b)    Within the CENTR Maryland Program, the Corporation may award operating grants from the Fund to institutions of higher education that shall include:
(1)    discovery educational grants to support postdoctorate or graduate–level collaboration with private sector entities on nanobiotechnology projects that:
(i)    shall be subject to supervision by faculty members; and
(ii)    require a matching sum, either direct or in–kind, from a private sector entity equivalent to the grant amount;
(2)    collaborative grants to support research teams from institutions of higher education working with private sector entities on collaborative research projects that:
(i)    focus on specific application development; and
(ii)    require a matching sum from the private sector entity equivalent to the grant amount; and
(3)    prototype grants to enable institutions of higher education and private sector entities to engage in projects that:
(i)    demonstrate whether a prototype is functional and manufacturable;
(ii)    demonstrate the cost effectiveness of nanotechnology–related applications; and
(iii)    shall be matched with an industry grant in an amount of at least $2 for every $1 of the prototype grant.
2023 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 IV - Coordinating Emerging Nanobiotechnology Research in Maryland Program › Section 10-450 - Applications; Eligibility; Priority

(a)    The Corporation shall adopt regulations to establish:
(1)    a competitive application process; and
(2)    criteria and procedures for awarding grants from the Fund to eligible recipients.
(b)    (1)    In accordance with this part, all private sector entities in the State and all institutions of higher education in the State may be eligible recipients of grants.
(2)    Priority for the award of any grant shall be given to those projects that are most likely to:
(i)    attract significant investment in the State;
(ii)    leverage significant additional grant or research funding from federal or private sector sources; or
(iii)    establish the State as a key location for nanobiotechnology research and industry.
2023 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 IV - Coordinating Emerging Nanobiotechnology Research in Maryland Program › Section 10-451 - Annual Report

The Corporation shall include, as part of its annual report to the Governor and General Assembly under § 10–415 of this subtitle, a detailed description of the grants awarded under this part.
2023 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 V - Maryland Innovation Initiative › Section 10-454 - Definitions

(a)    In this part the following words have the meanings indicated.
(b)    “Commercialization” means the process of introducing a new product or technology into the market.
(c)    “Fund” means the Maryland Innovation Initiative Fund established under § 10–457 of this subtitle.
(d)    “Initiative” means the Maryland Innovation Initiative established under § 10–455 of this subtitle.
(e)    “Participating members” means the representatives described in § 10–455(b) of this subtitle.
(f)    “Qualifying university” means a public or private university that meets the requirements set forth under § 10–455(c) of this subtitle.
(g)    “Technology transfer” means the process of converting scientific and technological advances into marketable goods and services.
(h)    “University” means a nonprofit, research university located in Maryland.
2023 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 V - Maryland Innovation Initiative › Section 10-455 - Maryland Innovation Initiative

(a)    There is a Maryland Innovation Initiative.
(b)    The Initiative consists of the following participating members:
(1)    one official of State government not affiliated with Maryland higher education, or the official’s designee, appointed by the Governor;
(2)    two individuals from the private sector not affiliated with Maryland higher education with experience in commercializing technology in the State, one appointed by the President of the Senate, and one appointed by the Speaker of the House of Delegates; and
(3)    subject to subsection (c) of this section, the following members appointed by the respective universities:
(i)    one representative of the Johns Hopkins University;
(ii)    one representative of Morgan State University;
(iii)    one representative of University of Maryland Baltimore County; and
(iv)    two representatives of the University of Maryland, one from the College Park Campus and one from the Baltimore Campus.
(c)    (1)    Subject to paragraph (2) of this subsection, only the universities listed under subsection (b)(3) of this section may qualify for participation in the Initiative.
(2)    To qualify for participation in the Initiative, a university shall provide, as specified in paragraph (3) of this subsection, a contribution annually to the Initiative to carry out the purposes set forth under this part.
(3)    (i)    To qualify for participation in the Initiative, the following universities shall pay an annual contribution of at least $200,000:
1.    Johns Hopkins University;
2.    University of Maryland, Baltimore Campus; and
3.    University of Maryland, College Park Campus.
(ii)    To qualify for participation in the Initiative, the following universities shall pay an annual contribution of at least $100,000:
1.    Morgan State University; and
2.    University of Maryland Baltimore County.
(4)    A university listed under subsection (b)(3) of this section may elect to withdraw as a participating member for future years on providing 60 days’ written notice to the Chair or Executive Director of the Initiative.
(d)    The participating members of the Initiative shall select a chair from among their members.
(e)    A participating member of the Initiative:
(1)    may not receive compensation as a member of the Initiative; but
(2)    is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget or under the applicable travel regulations of a university if the university reimburses the participating member.
(f)    The Initiative may employ staff, including an Executive Director.
2023 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 V - Maryland Innovation Initiative › Section 10-456 - Purpose of Initiative

The purpose of the Initiative is to:
(1)    promote the commercialization of research conducted in universities in the State;
(2)    encourage qualifying universities to partner on commercialization and other activities, including with federal laboratories located in Maryland; and
(3)    facilitate the transfer of technology from universities to commercial industries, by:
(i)    assessing the viability and value of the technology;
(ii)    defining and exploiting potential markets for the technology;
(iii)    identifying funding sources to support the development of the technology; and
(iv)    developing commercialization strategies.
2023 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 V - Maryland Innovation Initiative › Section 10-457 - Maryland Innovation Initiative Fund. [Effective Until July 1, 2024]

(a)    There is a Maryland Innovation Initiative Fund.
(b)    The purpose of the Fund is to provide funding for the purposes described in § 10–456 of this subtitle.
(c)    The Corporation shall administer the Fund.
(d)    The Fund consists of:
(1)    appropriations as provided in the State budget;
(2)    contributions by the qualifying universities under § 10–455 of this subtitle;
(3)    grants or funds from federal laboratories located in Maryland;
(4)    interest or other income earned on the investment of money in the Fund; and
(5)    any other money accepted for the benefit of the Initiative.
(e)    Money in the Fund may be used only to:
(1)    award grants or provide equity investment financing to promote the commercialization of research in accordance with the terms of this part; and
(2)    pay the costs necessary to administer the Initiative.
(f)    (1)    The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.
(2)    The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(3)    The State Treasurer shall invest the money in the Fund in the same manner as other State money may be invested.
(4)    Any investment earnings of the Fund shall be credited to the Fund.