§ 9-20A-01. Definitions
West's Annotated Code of MarylandState GovernmentEffective: June 1, 2019
Effective: June 1, 2019
MD Code, State Government, § 9-20A-01
§ 9-20A-01. Definitions
(c) “Borrower” means an eligible State agency, local jurisdiction, nonprofit organization, or eligible business that applies and qualifies for a loan under this Program.
(d) “Eligible business” means a commercial enterprise or business that is in good standing with the State Department of Assessments and Taxation and is:
(e) “Energy cost savings” means the actual reduction in operating expenses resulting from the installation, operation, and maintenance of a project financed under the Program.
(h) “Municipality” means any municipal corporation in the State that is subject to the provisions of Article XI-E of the Maryland Constitution or any duly authorized agency or instrumentality of the municipality.
(i) “Nonprofit organization” means a corporation, foundation, school, hospital, or other legal entity, no part of the net earnings of which inure to the benefit of any private shareholder or individual holding an interest in the entity.
(k) “Project” means one or more improvements or modifications that enhance the energy efficiency and reduce the operating expenses of a structure located in Maryland.
(l)(1) “State agency” means any permanent or temporary State office, department, division or unit, bureau, board, commission, task force, authority, institution, State college or university, and any other unit of State government, whether executive, legislative, or judicial.
Credits
Added by Acts 2008, c. 466, § 2, eff. July 1, 2008; Acts 2008, c. 467, § 2, eff. July 1, 2008. Amended by Acts 2009, c. 169, § 1, eff. July 1, 2009; Acts 2010, c. 52, § 1, eff. Oct. 1, 2010; Acts 2014, c. 348, § 1, eff. July 1, 2014; Acts 2014, c. 349, § 1, eff. July 1, 2014; Acts 2019, c. 135, § 1, eff. June 1, 2019.
MD Code, State Government, § 9-20A-01, MD STATE GOVT § 9-20A-01
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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