Specialized small business investment companies

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    (a)    The Secretary may:

        (1)    invest in a specialized small business investment company created in accordance with the federal Small Business Investment Act of 1958; and

        (2)    to the extent allowed by federal law, do anything necessary or convenient to fully participate in the formation and operation of a specialized small business investment company.

    (b)    Notwithstanding any other law, the Secretary may use money to finance a specialized small business investment company from accounts within:

        (1)    the Enterprise Fund established under Subtitle 6 of this title; and

        (2)    the Maryland Small Business Development Financing Authority established under Subtitle 5 of this title.


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