§ 10-1101

Maryland § 10-1101

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 10

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).