ROBERT L. EHRLICH, JR., Governor                            S.B. 618

(2) "Community development organization" does not include a
corporation, foundation, or other legal entity in which all or a portion of the net
earnings inures to the benefit of any private shareholder or individual holding an
interest in that entity.

[(e)] (F) "Community legacy agreement" means an agreement between the
Department and a sponsor to develop a community legacy plan or implement one or
more community legacy projects in a designated community legacy area.

[(f)] (G) "Community legacy area" means an area:

(1)     Located in a priority funding area; and

(2)     Determined by the Board to satisfy the requirements of § 4-805 of
this subtitle.

[(g)] (H) "Community legacy plan" means a plan submitted by a sponsor to the
Board for approval which may consist of one or more community legacy projects
designed to prevent or reverse decline or disinvestment in a community legacy area
through improvements in residential, commercial, or other public or private
properties.

[(h)] (I) (1) "Community legacy project" means a project or projects
submitted by a sponsor to the Board for approval [that is consistent with a
community legacy plan] IN ACCORDANCE WITH THIS SUBTITLE.

(2) "Community legacy project" includes projects to:

(i) Create, improve, or preserve housing opportunities, including
the acquisition, construction, rehabilitation, or improvement of new or existing
homeownership or rental properties;

(ii) Strategically demolish buildings or improvements to enhance
the use of land;

(iii) Create, improve, or preserve mixed-use or commercial
development, including any appropriate combination of properties related to
business, housing, open-space, and institutional uses;

(iv) Develop public infrastructure that is incidental to the
implementation of a community legacy project, such as streets, parking, public
utilities, landscaping, lighting, and improvements to pedestrian and bicycle
circulation;

(v) Encourage and develop cooperative ownership control of
open-space;

(vi) Develop or create strategies targeted at increasing investment
in existing communities, including outreach activities designed to attract business,
capital, residents, and visitors and the development and maintenance of resources
directly related to the development of a community legacy plan or the implementation
of a community legacy project;

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