Ch. 381

1997 LAWS OF MARYLAND

provision for and demonstration status of a certain housing assistance grants
programs program: defining certain terms; altering a certain definition; altering a
certain provision relating to funding for operating assistance grants; making certain
stylistic changes; and generally relating to low-income housing funding grants for
nonprofit organizations.

BY repealing and reenacting, with amendments,

Article 83B - Department of Housing and Community Development

Section 2-1201 through 2-1204

Annotated Code of Maryland

(1995 Replacement Volume and 1996 Supplement)

BY adding to

Article 83B Department of Housing and Community Development

Section 2-1203.1 and 2-1203.2

Annotated Code of Maryland

(1995 Replacement Volume and 1996 Supplement)

BY repealing

Article 83B - Department of Housing and Community Development

Section 2-1206

Annotated Code of Maryland

(1995 Replacement Volume and 1996 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 83B — Department of Housing and Community Development

2-1201.

(a) In this subtitle the following words have the meanings indicated.

(b) "Homeownership Programs Fund" means that fund referred to in §§ 2-613(a)
and 2-1006(a) of this title.

(c) "Nonprofit organization" means a corporation, foundation, or other legal
entity, no part of the net earnings of which inures to the benefit of any private
shareholder or individual holding any interest in such entity.

(D) "HOUSING PRODUCTION" MEANS THE ACQUISITION, CONSTRUCTION, OR
REHABILITATION OF HOUSING FOR OCCUPANCY BY OR SALE TO LOW AND
MODERATE INCOME HOUSEHOLDS.

[(d)](E) "Operating assistance grants" means assistance with
PREDEVELOPMENT COSTS AND operating and overhead costs of a nonprofit
organization, including staff costs, organizational costs, and, in the case of grants under §
2-1203 of this subtitle, costs relating to applying for a loan or assisting individuals in

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