Md. Code, Economic Development § 10-1101
This is the official text of Md. Code, Economic Development § 10-1101, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§10–1101.
Official statutory text
(a) In this subtitle the following words have the meanings indicated.
(b) “Board” means the Board of Directors of the Corporation.
(c) “Corporation” means the Maryland Community Investment Corporation.
(d) “Investment committee” means a committee appointed by the Board to advise on and approve investments as required under this subtitle.
(e) “Low–income community” means a community in the State that meets the definition of a low–income community under 26 U.S.C. § 45D(e)(1).
(f) “New markets tax credit” means the federal tax credits allocated under 26 U.S.C. § 45D.
(g) “Qualified community development entity” means an entity that meets the definition of a qualified community development entity under 26 U.S.C. § 45D(c)(1).
(h) “Qualified equity investment” means an investment that meets the definition of a qualified equity investment under 26 U.S.C. § 45D(b)(1).
(b) “Board” means the Board of Directors of the Corporation.
(c) “Corporation” means the Maryland Community Investment Corporation.
(d) “Investment committee” means a committee appointed by the Board to advise on and approve investments as required under this subtitle.
(e) “Low–income community” means a community in the State that meets the definition of a low–income community under 26 U.S.C. § 45D(e)(1).
(f) “New markets tax credit” means the federal tax credits allocated under 26 U.S.C. § 45D.
(g) “Qualified community development entity” means an entity that meets the definition of a qualified community development entity under 26 U.S.C. § 45D(c)(1).
(h) “Qualified equity investment” means an investment that meets the definition of a qualified equity investment under 26 U.S.C. § 45D(b)(1).
Status: in_force · Read it on the official government site
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