Maryland Code, ECONOMIC DEVELOPMENT 15-101
Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 15-101
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) “Financial assistance” means a grant or loan from the Fund.
(c) “Fund” means the Baltimore City Community Enhancement Transit-Oriented Development Fund.
(d) “Qualified project area” means a community that is:
(1) located in Baltimore City; and
(2) directly impacted by and within 0.5 miles of the boundary of a development that has been designated as a transit-oriented development.
(e) “Qualified recipient” means an entity that is based in and serves a qualified project area and is:
(1) a nonprofit community-based organization that has experience in making physical, human capital, and economic investments to rebuild communities; or
(2) a community development corporation.
(f) “Transit-oriented development” has the meaning stated in § 7-101 of the Transportation Article.