Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 1-101
Terms Used In Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 1-101
- 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.
- County: means a county of the State or Baltimore City. See
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Personal representative: includes an administrator and an executor. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Trustee: A person or institution holding and administering property in trust.
(b) (1) “Community assistance” means activities designed to enhance the physical, social, or economic environment of a community to improve the health, safety, or socio-economic welfare of its citizens.
(2) “Community assistance” includes the promotion of activities specified in paragraph (1) of this subsection through the concentration and coordination in communities in the State of federal, State, regional, and local public and private resources.
(c) “County” means a county of the State or Baltimore City.
(d) “Department” means the Department of Housing and Community Development.
(e) (1) “Financial assistance” means any form of assurance, guarantee, grant, payment, or other assistance.
(2) “Financial assistance” includes a loan, loan guarantee, or reduction in the principal obligations of or rate of interest payable on a loan or portion of a loan.
(f) “Governmental unit” means an agency, authority, board, commission, council, office, or other unit or instrumentality of the government of the State or of a political subdivision of the State.
(g) “Nonprofit organization” means a corporation, foundation, or other legal entity, no part of the net earnings of which inures to the benefit of a private shareholder or individual holding an interest in the entity.
(h) “Person” means an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, partnership, firm, association, corporation, or other entity.
(i) “Political subdivision” means a county or municipal corporation of the State.
(j) “Secretary” means the Secretary of Housing and Community Development.