Ch. 120

1995 LAWS OF MARYLAND

(c)     (1) "Business entity" means a person operating or conducting a trade or
business.

(2) Except as provided in § 9-103 of the Tax - Property Article, "business
entity" does not include a person owning, operating, developing, constructing, or
rehabilitating property intended for use primarily as single or multifamily residential
property located within the enterprise zone.

(d)     "County" means a. county of this State and includes the Mayor and City
Council of Baltimore.

(e)     "Department" means the Department of BUSINESS AND Economic [and
Employment] Development.

(f)      "Enterprise zone" means an area:

(1)     Meeting the requirements of [§ 5-303] § 5-403 of this subtitle and so
designated by the Secretary pursuant to [§ 5-302] § 5-402 of this subtitle; or

(2)     So designated by the United States government; OR

(3) DESIGNATED AS AN EMPOWERMENT ZONE BY THE UNITED STATES
GOVERNMENT PURSUANT TO 26 U.S.C. § 1391 ET SEQ.

(g)     "Fund" means the Enterprise Zone Venture Capital Guarantee Fund.

(h) "Political subdivision" means any county or municipal corporation.

(i) "Secretary" means the Secretary of BUSINESS AND Economic [and
Employment] Development.

(j) "Submission date" means April 15 and October 15 of any calendar year.

[5-302.] 5-402.

(a)     Any political subdivision may apply to the Secretary for designation of an area
within that political subdivision as an enterprise zone, but if a county seeks to designate
an area within a municipal corporation as an enterprise zone, then the governing body of
the municipal corporation must first consent.

(b)     Any county may apply to the Secretary on behalf of a municipal corporation,
with the consent of such municipal corporation, for designation of any area within that
municipal corporation as an enterprise zone.

(c)     Two or more political subdivisions may apply jointly to the Secretary for
designation of an area as an enterprise zone which may be located astride their common
boundaries.

(d)     The application shall be in the form and manner and contain such information
as the Secretary may, by regulation, determine, provided that the application shall:

(1) Contain information sufficient for the Secretary to determine if the
criteria established in [§ 5-303] § 5-403 have been met;

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