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HARRY HUGHES, Governor
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PART I. DEFINITIONS; GENERAL PROVISIONS.
13-101.
(A) IN GENERAL. - IN THIS SUBTITLE, THE FOLLOWING WORDS
HAVE THE MEANINGS INDICATED.
(B) ACQUISITION. - "ACQUISITION" MEANS THE ACQUISITION,
CONSTRUCTION, RECONSTRUCTION, EQUIPPING, EXPANSION, EXTENSION,
IMPROVEMENT, REHABILITATION OR REMODELING OF 1 OR MORE
FACILITIES.
(C) AUTHORITY. - "AUTHORITY" MEANS THE MARYLAND INDUSTRIAL
DEVELOPMENT FINANCING AUTHORITY.
(D) AUTHORIZED PURPOSE INSURANCE FUND. - "AUTHORIZED
PURPOSE INSURANCE FUND" MEANS THE AUTHORIZED PURPOSE INSURANCE
FUND CREATED BY § 13-121 OF THIS SUBTITLE.
(E) AUTHORIZED PURPOSE OBLIGATIONS. - "AUTHORIZED PURPOSE
OBLIGATIONS" MEANS BONDS OR NOTES, OR OTHER INSTRUMENTS,
CERTIFICATES, OR OTHER EVIDENCES OF OBLIGATION ISSUED, OFFERED
FOR SALE OR DELIVERED BY ANY PERSON OR PUBLIC BODY FOR ANY
PURPOSE FOUND AND DETERMINED BY THE AUTHORITY TO ACCOMPLISH THE
PURPOSES OF THIS SUBTITLE.
(F) BOND INSURANCE FUND. - "BOND INSURANCE FUND" MEANS THE
BOND INSURANCE FUND CREATED BY § 13-120 OF THIS SUBTITLE.
(G) BONDS. - "BONDS" MEANS BONDS, NOTES, BOND ANTICIPATION
NOTES, NOTES IN THE NATURE OF COMMERCIAL PAPER OR OTHER
INSTRUMENTS, CERTIFICATES, OR EVIDENCES OF OBLIGATION ISSUED AND
SOLD BY ANY PUBLIC BODY, AGENCY OR INSTRUMENTALITY OF THE STATE
TO FINANCE OR REFINANCE 1 OR MORE FACILITIES OR 1 OR MORE ENERGY
PROJECTS, OR TO REFUND OUTSTANDING BONDS, INCLUDING, BY WAY OF
EXAMPLE, BONDS WITHIN THE MEANING INDICATED IN THE MARYLAND
ECONOMIC DEVELOPMENT REVENUE BOND ACT AND BONDS WITHIN THE
MEANING INDICATED IN ARTICLE 41, § 518 OF THE CODE.
(H) COUNTY. - "COUNTY" MEANS ANY OF THE 23 COUNTIES OF
MARYLAND, AND THE MAYOR AND CITY COUNCIL OF BALTIMORE.
(I) DEPARTMENT. - "DEPARTMENT" MEANS THE DEPARTMENT OF
ECONOMIC AND COMMUNITY DEVELOPMENT OF THE STATE.
(J) ENERGY PROJECT. - "ENERGY PROJECT" MEANS ANY ENERGY
PROJECT WITHIN THE MEANING INDICATED IN ARTICLE 41, § 518 OF THE
CODE.
(K) FACILITY OR FACILITIES. - "FACILITY" OR "FACILITIES"
MEANS ANY FACILITY OR FACILITIES WITHIN THE MEANING INDICATED IN
THE MARYLAND ECONOMIC DEVELOPMENT REVENUE BOND ACT.
(L) FACILITY APPLICANT. - "FACILITY APPLICANT" MEANS ANY
FACILITY APPLICANT WITHIN THE MEANING INDICATED IN THE MARYLAND
ECONOMIC DEVELOPMENT REVENUE BOND ACT.
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