ROBERT L. EHRLICH, JR., Governor                             Ch. 209

THE COMPREHENSIVE INVESTMENT PLAN ADOPTED BY THE COLLEGE SAVINGS
PLANS OF MARYLAND BOARD UNDER § 18-1906 OF THE EDUCATION ARTICLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2004.

Approved April 27, 2004.

CHAPTER 209
(House Bill 905)

AN ACT concerning

Department of Housing and Community Development - Neighborhood

Business Development Program

FOR the purpose of authorizing financial assistance under the Neighborhood
Business Development Program to be provided to microenterprises; clarifying
that financial assistance under the Program may be provided to nonprofit
organizations; requiring the Department of Housing and Community
Development to make a reasonable, good faith effort to make a certain
percentage of Program loans and grants to microenterprises; authorizing the
Department of Housing and Community Development to sell, assign, or
otherwise dispose of a business development program certain loan or revenue
from a certain loan under certain circumstances; providing for a certain
maximum amount of sale proceeds within any fiscal year under certain
circumstances; requiring the Department to try to make a certain percentage of
its Program loans and grants to microenterprises; authorizing the Department
to apply certain proceeds to the Neighborhood Business Development Fund
under certain circumstances; authorizing the Community Development
Administration, an agency within the Department of Housing and Community
Development, to provide funds to programs eligible to receive funding from
under the Neighborhood Business Development Fund; specifying that the
Neighborhood Business Development Fund consists in part of moneys received
from the disposition of certain Program loans and certain moneys received from
the Community Development Administration; defining a certain term; making a
certain technical correction; and generally relating to the Neighborhood
Business Development Program.

BY adding to

Article 83B - Department of Housing and Community Development
Section 2-204(18)
Annotated Code of Maryland
(2003 Replacement Volume)

BY repealing and reenacting, with amendments,

Article 83B - Department of Housing and Community Development

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