Ch. 224 LAWS OF MARYLAND

(G) "SMALL BUSINESS" MEANS A BUSINESS, INCLUDING A FARM
BUSINESS, THAT HAS ASSETS, INCOME, OR EMPLOYEES THAT DO NOT
EXCEED LIMITS ESTABLISHED BY THE SECRETARY OF ECONOMIC AND
EMPLOYMENT DEVELOPMENT.

(H) "TRUSTEES" MEANS THE MEMBERS OF THE BOARD, WHICH
PERSONS MAY BE DIRECTORS OR TRUSTEES OR HAVE SUCH OTHER
LEGAL STATUS REQUISITE OR APPROPRIATE TO THE TYPE OF ENTITY
CONSTITUTING THE FUND.

10-103.

(A) (1) THE DEPARTMENT SHALL ENCOURAGE AND TAKE ANY
NECESSARY OR PROPER ACTIONS TO FACILITATE THE CREATION OF
THE COMMUNITY REINVESTMENT FUND.

(2) THE DEPARTMENT SHALL ASSIST PROVIDE TECHNICAL
ASSISTANCE IN THE FORMATION OF THE FUND.

(3) THE DEPARTMENT MAY PROVIDE FUNDS FOR
ORGANIZATIONAL EXPENSES OF THE FUND, INCLUDING
ADMINISTRATIVE, LEGAL, AND OTHER EXPENSES INCURRED IN
FORMING THE PRIVATE AND INDEPENDENT LEGAL ENTITY
CONSTITUTING THE FUND.

(B) (1) THE DEPARTMENT AND THE DEPARTMENT OF ECONOMIC
AND EMPLOYMENT DEVELOPMENT MAY PROVIDE TECHNICAL
ASSISTANCE:

(1) ASSIST IN OR PROVIDE FUNDS (I) FOR THE ONGOING
OPERATION AND ADMINISTRATION OF THE FUND;

(2) ASSIST (II) IN THE UNDERWRITING OF PROPOSED
COMMUNITY REINVESTMENT PROJECTS; AND

(3) (2) THE DEPARTMENT AND THE DEPARTMENT OF
ECONOMIC AND EMPLOYMENT DEVELOPMENT MAY CHARGE SUCH FEES
AS ARE REASONABLE AND CUSTOMARY FOR THE PROVISION TO THE
FUND OF ASSISTANCE UNDER THIS SUBSECTION.

10-104.

(A) (1) THE PURPOSE OF THE FUND IS TO ADMINISTER THE USE
AND REINVESTMENT OF MONEYS THAT MAY BE CREDITED, PAID, OR
OTHERWISE TRANSFERRED TO THE FUND FROM ANY PERSON OR
ENTITY APPROVED FOR PARTICIPATION IN THE FUND BY THE BOARD,
INCLUDING BANKS, SAVINGS INSTITUTIONS, AND OTHER FINANCIAL
INSTITUTIONS.

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