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MD SB920
Bill
AI Summary
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Authorizes the Maryland Department of Commerce to allow eligible fund managers to receive, use, and retain management fees for administering Small, Minority, and Women-Owned Business Accounts
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Grants the Department authority to set an annual cap on the cumulative management fees that an eligible fund manager may receive
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Aims to increase small business access to capital by providing a sustainable funding mechanism for fund managers who administer these investment programs
Legislative Description
Economic Development - Small, Minority, and Women-Owned Business Accounts - Management Fees (Small Business Increased Access to Capital Act)
Fees
Last Action
Returned Passed
4/13/2026
Committee Referrals
Economic Matters3/20/2026
Finance2/6/2026
Full Bill Text
No bill text available