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Terms Used In Maryland Code, TRANSPORTATION 7-1201

  • 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
(a) In this subtitle the following words have the meanings indicated.

(b) “Financial assistance” means a grant or loan from the Fund.

(c) “Fund” means the Transit-Oriented Development Capital Grant and Revolving Loan Fund.

(d) “Gap funding” means funding provided to compensate for a shortfall between the expected development costs of a project and the available funds for the project.

(e) “Local jurisdiction” means a county or a municipal corporation.

(f) “Municipal corporation” means a municipality as defined in § 1-101 of the Local Government Article.