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Session Laws, 1986
Volume 768, Page 3643   View pdf image
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HARRY HUGHES, Governor

3643

(1980 Volume and 1985 Supplement)

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

Article - Financial Institutions

13-301.

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

(b)  "Adjusted annual income" means gross income from all
sources, including wages, investment income, social security,
retirement, disability, and unemployment insurance with the
following adjustments determined by the Department:

(1)  Unusual or temporary income items;

(2)  Long-term unusual expenses such as medical,
rehabilitation, or special education expenses;

(3)  Allowances for dependents and family size.

(c)  "Department" means the Department of Economic and
Community Development.

(D)  "GROUP HOME" MEANS A HOME OFFERING COMMON LIVING,
DINING AND SANITARY FACILITIES, SHARED OR INDEPENDENT SLEEPING
FACILITIES, SUPPORTIVE SERVICES AND SUPERVISORY LIVE-IN PERSONNEL
TO INDIVIDUALS WITH SPECIAL NEEDS FOR GROUP LIVING FACILITIES
WHERE THE INDIVIDUALS ARE NOT RELATED TO THE GROUP HOME SPONSOR.
GROUP HOME SHALL INCLUDE EMERGENCY AND TEMPORARY HOUSING
FACILITIES.

(E)  "GROUP HOME SPONSOR" MEANS A NONPROFIT ORGANIZATION
THAT IS A BORROWER UNDER THE PROGRAM WHO OWNS AND OPERATES A

GROUP HOME.

[(d)] (F) "Loan" means a loan of money made by the
Department under this subtitle, or by the Maryland Home Financing
Program before enactment of this subtitle.

[(e)] (G) "Median annual family income" means a figure
reported as median annual family income, by county or region, by
-he Census Bureau of the United States Department of Commerce and
updated at least once every 2 years based on current data
published by federal or State agencies.

(H) "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 AN INTEREST IN SUCH ENTITY.

 

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Session Laws, 1986
Volume 768, Page 3643   View pdf image
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