2013 Maryland Code
HOUSING AND COMMUNITY DEVELOPMENT
§ 4-1001 - Definitions
§4-1001.
(a) In this subtitle the following words have the meanings indicated.
(b) “Fund” means the Neighborhood Housing Services Fund.
(c) “Neighborhood corporation” means a neighborhood housing services corporation established in connection with the Neighborhood Reinvestment Corporation.
(d) (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.
(e) “Program” means a program that a neighborhood corporation establishes and supervises to achieve its goals and to provide services within a specific neighborhood.
(f) “Umbrella corporation” means a neighborhood corporation that establishes and supervises at least two programs.
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