PARRIS N, GLENDENING, Governor                             Ch. 654

(2) ADMINISTER STATE AND FEDERAL GRANT AND LOAN FUNDS AND
OTHER FINANCIAL ASSISTANCE TO ANY MUNICIPAL CORPORATION, COUNTY,
LOCAL PUBLIC AGENCY, NONPROFIT ORGANIZATION, COMMUNITY REINVESTMENT
CORPORATION, NEIGHBORHOOD OR COMMUNITY ORGANIZATION, OR PRIVATE
PARTY IN ORDER TO CARRY OUT COMMERCIAL AND MIXED-USE REVTTALIZATION
AND REHABILITATION PROGRAMS.

(D) (1) IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2)     "COMMERCIAL AND MIXED-USE REVITALIZATION PROGRAMS"
INCLUDE ASSISTANCE IN SUCH AREAS AS MARKET SURVEYING, GRANTSMANSHIP,
ORGANIZATION, ECONOMIC DEVELOPMENT, DESIGN, AND OTHER SERVICES FOR
DOWNTOWN OR BUSINESS AREA COMMERCIAL MANAGEMENT, PROMOTION, AND
REVITALIZATION AND FACILITATING ESTABLISHMENT OF COMMERCIAL DISTRICT
MANAGEMENT AUTHORITIES.

(3)     "COMMUNITY REINVESTMENT CORPORATION" MEANS ANY
CORPORATION OR FOUNDATION WHOSE NET EARNINGS ARE REINVESTED IN

ACTIVITIES, PROJECTS, OR PROGRAMS FOR THE PURPOSE OF FOSTERING,

ENCOURAGING, ASSISTING IN, OR CARRYING OUT COMMUNITY ASSISTANCE

ACTIVITIES, PROJECTS, OR PROGRAMS.

[Subtitle 13.] SUBTITLE 2. Neighborhood Business Development Program.
[2-1301.] 4-201.

The Neighborhood Business Development Program is hereby created within the
Department, for the following purposes:

(1)     To assist in the [Development] DEVELOPMENT, redevelopment, or
expansion of small business enterprises in designated neighborhoods;

(2)     To stimulate investment by the private sector in designated
neighborhoods;

(3)     To invest in small business revitalization projects in designated
neighborhoods; and

(4)     To stimulate the participation of local jurisdictions in developing and
expanding small business enterprises in designated neighborhoods.

[2-1302.] 4-202.

(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)] § 4-203(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:

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