EXHIBIT L

[Letterhead of Venable LLP]

July 26, 2007

Tortoise Capital Resources Corporation
10801 Mastin Boulevard, Suite 222
Overland Park, Kansas 66210

Re:		Registration Statement on Form N-2:
		File No. 333-142859

Ladies and Gentlemen:

     We have served as Maryland counsel to Tortoise Capital Resources Corporation, a Maryland corporation (the “Company”), and a business development company under the Investment Company Act of 1940, as amended (the “1940 Act”), in connection with certain matters of Maryland law relating to the registration by the Company of (i) 3,002,737 shares (the “Resale Shares”) of common stock, par value $.001 per share (the “Common Stock”), of the Company, offered by the stockholders (the “Selling Stockholders”) of the Company named under the caption “Selling Stockholders” in the above-referenced Registration Statement, and all amendments thereto (collectively, the “Registration Statement”), filed by the Company with the United States Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “1933 Act”), (ii) up to 948,005 warrants (the “Warrants”) to purchase shares of Common Stock, offered by the Selling Stockholders, and (iii) up to 948,005 shares (the “Warrant Shares”) of Common Stock to be issued by the Company upon exercise of the Warrants, covered by the Registration Statement.

     In connection with our representation of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (collectively, the “Documents”):

     1. The Registration Statement and the related form of prospectus included therein in the form in which it was filed with the Commission under the 1933 Act;

     2. The charter of the Company, as amended and restated (the “Charter”), certified as of a recent date by the State Department of Assessments and Taxation of Maryland (the “SDAT”);

     3. The Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;

     4. Resolutions adopted by the Board of Directors of the Company (the “Resolutions”) relating to, among other matters, the issuance and registration of the Resale

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Tortoise Capital Resources Corporation
July 26, 2007
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Shares, the Warrants and the Warrant Shares, certified as of the date hereof by an officer of the Company;

     5. The Warrant Agreement, dated as of December 8, 2005 (the “Warrant Agreement”), by and between the Company and Computershare Investor Services, LLC;

     6. A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;

     7. A certificate executed by an officer of the Company, dated as of the date hereof; and

     8. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein.

     In expressing the opinion set forth below, we have assumed the following:

     1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

     2. Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.

     3. Each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the Documents to which such party is a signatory, and the obligations of such party set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

     4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all Documents are genuine. All public records reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.