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Ch. 305
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PARRIS N. GLENDENING, Governor
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(e) A municipal corporation located in a qualified distressed county may:
(1) Apply for financial assistance from the Fund in a manner consistent
with the plan developed by the Department in consultation with the municipal
corporation if the qualified distressed county has not developed a local strategic plan
for economic development; or
(2) Apply for financial assistance from the Fund in a manner consistent
with the plan developed by the qualified distressed county if the qualified distressed
county has developed a local strategic plan for economic development but is not
actively pursuing financial assistance from the Fund.
Subtitle 9. Maryland Industrial Development Financing Authority.
[Part I. Definitions; General Provisions.]
5-901.
(a) In this subtitle, the following words have the meanings indicated.
(b) "Acquisition" means the acquisition, construction, reconstruction,
equipping, expansion, extension, improvement, rehabilitation, or remodeling of 1 or
more facilities OR ENERGY PROJECTS.
(c) "Authority" means the Maryland Industrial Development Financing
Authority.
(d) ["Authorized Purpose Insurance Fund" means the Authorized Purpose
Insurance Fund created by § 5-915 of this subtitle.
(e) ] "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" means the Bond Insurance Fund created by §
5-914 of this subtitle.
(g)] (E) "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 [§ 6-402 of] this [article] SUBTITLE.
(F) "COGENERATION" MEANS THE COMBINED GENERATION BY ANY FACILITY
OF:
(1) ELECTRICAL OR MECHANICAL POWER; AND
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- 1785 -
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