Current with changes from the 2024 Legislative Session
Section 10-1101 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Board" means the Board of Directors of the Corporation.(c) "Corporation" means the Maryland Community Investment Corporation.(d) "Investment committee" means a committee appointed by the Board to advise on and approve investments as required under this subtitle.(e) "Low-income community" means a community in the State that meets the definition of a low-income community under 26 U.S.C. § 45D(e)(1).(f) "New markets tax credit" means the federal tax credits allocated under 26 U.S.C. § 45D.(g) "Qualified community development entity" means an entity that meets the definition of a qualified community development entity under 26 U.S.C. § 45D(c)(1).(h) "Qualified equity investment" means an investment that meets the definition of a qualified equity investment under 26 U.S.C. § 45D(b)(1).Added by 2024 Md. Laws, Ch. 123,Sec. 1, eff. 7/1/2024.