PARRIS N. GLENDENING, Governor

Ch. 115

(4) TO STIMULATE THE PARTICIPATION OF LOCAL JURISDICTIONS IN
DEVELOPING AND EXPANDING SMALL BUSINESS ENTERPRISES IN DESIGNATED
NEIGHBORHOODS.

2-1302.

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

(B)     "DESIGNATED NEIGHBORHOOD" MEANS A GEOGRAPHICALLY DEFINED
AREA OF A LOCAL JURISDICTION WHICH IS DESIGNATED AS AN ELIGIBLE
NEIGHBORHOOD IN ACCORDANCE WITH § 2-1303(B) OF THIS SUBTITLE.

(C)     "DEVELOPMENT COSTS" MEANS THE COSTS INCURRED FOR THE
CONSTRUCTION OR REHABILITATION OF A NEIGHBORHOOD BUSINESS
DEVELOPMENT PROJECT, INCLUDING THE COSTS OF;

(1)      NECESSARY STUDIES, SURVEYS, PLANS, AND SPECIFICATIONS;

(2)      ARCHITECTURAL, ENGINEERING, OR OTHER SPECIAL SERVICES
RELATED TO CONSTRUCTION OR REHABILITATION, INCLUDING FLOOD PLAIN
STUDIES, ENVIRONMENTAL AUDITS, AND CRITICAL AREA OR WETLAND
ASSESSMENTS;

(3)      ACQUISITION OF LAND AND IMPROVEMENTS;

(4)      SITE PREPARATION AND DEVELOPMENT INCLUDING DEMOLITION
AND REMOVAL;

(5)      CONSTRUCTION, RECONSTRUCTION, AND REHABILITATION;

(6)      ACQUISITION OF MACHINERY, EQUIPMENT, AND FURNISHINGS;

(7)      ESSENTIAL START-UP OPERATING COSTS WHICH CANNOT
OTHERWISE BE FINANCED, INCLUDING WORKING CAPITAL AND INITIAL
OCCUPANCY EXPENSES;

(8) INITIAL OCCUPANCY EXPENSES;

(9) (8) INDEMNITY AND SURETY BONDS AND PREMIUMS ON
INSURANCE; AND

(10) (9) OTHER NECESSARY FEES AND TEMPORARY RELOCATION
EXPENSES.

(D)     "FUND" MEANS THE NEIGHBORHOOD BUSINESS DEVELOPMENT FUND.

(E)     "LOCAL JURISDICTION" MEANS ANY A MUNICIPAL CORPORATION IN
MARYLAND SUBJECT TO THE PROVISIONS OF ARTICLE XI E OF THE MARYLAND
CONSTITUTION, THE MAYOR AND CITY COUNCIL OF BALTIMORE, AND ANY OF THE
23 COUNTIES IN MARYLAND OR COUNTY.

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