Md. Code, Economic Development § 5-1001
This is the official text of Md. Code, Economic Development § 5-1001, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§5–1001.
Official statutory text
(a) In this subtitle the following words have the meanings indicated.
(b) “Active duty” has the meaning stated in § 9–901 of the State Government Article.
(c) “Fund” means the Uniformed Services Personnel and Veteran–Owned Small Business No–Interest Loan Fund established under § 5–1006 of this subtitle.
(d) “Reserve component” has the meaning stated in § 9–901 of the State Government Article.
(e) “Service–disabled veteran” means a veteran with a disability that is service–connected, as defined in 38 U.S.C. § 101(16).
(f) (1) “Small business employer” means an employer who employed an average of 50 or fewer employees on business days during the calendar year preceding the determination of eligibility for a loan under this subtitle.
(2) For purposes of paragraph (1) of this subsection, all persons treated as a single employer under § 414(b), (c), (m), or (o) of the Internal Revenue Code shall be treated as a single employer under this subtitle.
(g) “Uniformed services” has the meaning stated in § 9–901 of the State Government Article.
(h) “Veteran” has the meaning stated in § 9–901 of the State Government Article.
(i) “Veteran–owned small business” means a small business that is at least 51% owned by a veteran.
(b) “Active duty” has the meaning stated in § 9–901 of the State Government Article.
(c) “Fund” means the Uniformed Services Personnel and Veteran–Owned Small Business No–Interest Loan Fund established under § 5–1006 of this subtitle.
(d) “Reserve component” has the meaning stated in § 9–901 of the State Government Article.
(e) “Service–disabled veteran” means a veteran with a disability that is service–connected, as defined in 38 U.S.C. § 101(16).
(f) (1) “Small business employer” means an employer who employed an average of 50 or fewer employees on business days during the calendar year preceding the determination of eligibility for a loan under this subtitle.
(2) For purposes of paragraph (1) of this subsection, all persons treated as a single employer under § 414(b), (c), (m), or (o) of the Internal Revenue Code shall be treated as a single employer under this subtitle.
(g) “Uniformed services” has the meaning stated in § 9–901 of the State Government Article.
(h) “Veteran” has the meaning stated in § 9–901 of the State Government Article.
(i) “Veteran–owned small business” means a small business that is at least 51% owned by a veteran.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.