2830

LAWS OF MARYLAND

Ch. 761

Housing Services Corporations to encourage reinvestment in
neighborhoods; now, therefore,

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 41 - Governor - Executive and Administrative

Departments

NEIGHBORHOOD HOUSING SERVICES FUND

517.

(A)  IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(B)  "DEPARTMENT" MEANS THE DEPARTMENT OF ECONOMIC AND
COMMUNITY DEVELOPMENT.

(C)  "FUND" MEANS THE NEIGHBORHOOD HOUSING SERVICES
FUND.

(D)  "OPERATING BUDGET" MEANS ALL THOSE FUNDS NECESSARY
FOR ADMINISTRATIVE, TECHNICAL, LEGAL OR OTHER EXPENSES OF
OPERATING A NEIGHBORHOOD HOUSING SERVICES CORPORATION,
EXCLUDING FUNDS ALLOCATED TO OR USED IN CONNECTION WITH
REVOLVING OR OTHER LOAN FUNDS.

(E)  "POLITICAL SUBDIVISION" MEANS A COUNTY OR
MUNICIPAL CORPORATION.

(F)  "NEIGHBORHOOD HOUSING SERVICES CORPORATION" MEANS
A NEIGHBORHOOD HOUSING SERVICES CORPORATION ESTABLISHED IN
CONNECTION WITH THE NATIONAL NEIGHBORHOOD REINVESTMENT
CORPORATION.

(G)  "SECRETARY" MEANS THE SECRETARY OF THE DEPARTMENT
OF ECONOMIC AND COMMUNITY DEVELOPMENT.

518.

THERE IS A NEIGHBORHOOD HOUSING SERVICES FUND
ADMINISTERED BY THE DEPARTMENT.

519.

(A) (1) THE DEPARTMENT SHALL MAKE GRANTS TO ELIGIBLE
NEIGHBORHOOD HOUSING SERVICES CORPORATIONS PURSUANT TO THE
TERMS OF SUBSECTIONS (B) AND (C).

(2) A NEIGHBORHOOD HOUSING SERVICES CORPORATION
WHICH OVERSEES PROGRAMS IN MORE THAN ONE NEIGHBORHOOD SHALL
BE ELIGIBLE FOR A GRANT FOR EACH NEIGHBORHOOD PROGRAM IN
ADDITION TO A GRANT FOR THE CENTRAL CORPORATION.