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§ 9-302. Status; exemptions

West's Annotated Code of MarylandHousing and Community Development

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 9. Community Reinvestment Fund (Refs & Annos)
Subtitle 3. Community Reinvestment Fund (Refs & Annos)
MD Code, Housing & Community Development, § 9-302
§ 9-302. Status; exemptions
Currentness
In general
(a)(1) The Fund is a private, independent legal entity to be assisted by the Department under this title and is not a governmental unit of the State.
(2) Any dividends, royalties, or other earnings received from community reinvestment assistance, or from any other investment made by the Board under this title, is money of the Fund, and is not money of the State.
Exemption from Board of Public Works or State approval
(b) Except as specified in this title, the organization and operation of the Board and the Fund are not subject to approval by the Board of Public Works or by any State official or unit.
Board and Fund personnel
(c) A member, employee, or agent of the Board or the Fund is not a State official by virtue of any status with or action for the Fund.

Credits

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.
MD Code, Housing & Community Development, § 9-302, MD HOUS & CMTY DEV § 9-302
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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