(a) In this subtitle the following words have the meanings indicated. (b) "Community development financial institution" has the meaning stated in 12 U.S.C. § 4702. (c) "Community development organization" means an entity that meets the requirements set forth under § 6-504(a) of this subtitle. (d) (1) "Financial assistance" means a grant, a loan, or an investment provided under this subtitle. (2) "Financial assistance" includes: (i) an assurance; (ii) a guarantee; (iii) a prepayment of interest on a subordinate or superior loan or portion of a loan; (iv) a reduction in the principal obligation of or rate of interest payable on a loan or a portion of a loan; and (v) any other form of credit enhancement. (e) "Program" means the Baltimore Regional Neighborhood Initiative Program. (f) "Sustainable community" means an area designated as a sustainable community under § 6-205 of this title.
‹ Prev All Maryland sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.