Section 4-1001 - Definitions. - Maryland Statutes

§ 4-1001. Definitions.
 

(a)  In general.- In this subtitle the following words have the meanings indicated. 
   
Revisor's Note.

This subsection formerly was Art. 83B, § 2-1301(a). 
 

No changes are made. 

(b)  Fund.- "Fund" means the Neighborhood Housing Services Fund. 
   
Revisor's Note.

This subsection formerly was Art. 83B, § 2-1301(b). 
 

No changes are made. 

(c)  Neighborhood corporation.- "Neighborhood corporation" means a neighborhood housing services corporation established in connection with the Neighborhood Reinvestment Corporation. 
   
Revisor's Note.

This subsection is new language derived without substantive change from former Art. 83B, § 2-1301(e). 
 

The former reference to the "National" Neighborhood Reinvestment Corporation is deleted as erroneous. 

(d)  Operating budget.-  

(1) "Operating budget" means the money necessary to operate a neighborhood corporation, including money to pay: 

(i) administrative, technical, legal, or other expenses; and 

(ii) expenses incurred by an umbrella corporation in operating programs. 

(2) "Operating budget" does not include money allocated to revolving or other loan funds. 
   
Revisor's Note.

This subsection is new language derived without substantive change from former Art. 83B, § 2-1301(c). 
  Defined Terms.


 
"Neighborhood corporation"                                          § 4-1001


"Umbrella corporation"                                               § 4-1001

(e)  Program.- "Program" means a program that a neighborhood corporation establishes and supervises to achieve its goals and to provide services within a specific neighborhood. 
   
Revisor's Note.

This subsection is new language derived without substantive change from former Art. 83B, § 2-1301(f). 
  Defined Terms.


 
"Neighborhood corporation"                                          § 4-1001

(f)  Umbrella corporation.- "Umbrella corporation" means a neighborhood corporation that establishes and supervises at least two programs. 
   
Revisor's Note.

This subsection is new language derived without substantive change from former Art. 83B, § 2-1301(g). 
  Defined Terms.


 
"Neighborhood corporation"                                          § 4-1001


"Program"                                                            § 4-1001
 

[An. Code 1957, art. 83B, § 2-1301(a)-(c), (e)-(g); 2005, ch. 26, § 2.]