Section 5-1201 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Fund" means the Maryland Nonprofit Development Center Program Fund established under § 5-1204 of this subtitle.(c) "Nonprofit entity" means a corporation incorporated in the State, or otherwise qualified to do business in the State, that has been determined by the Internal Revenue Service to be exempt from taxation under § 501(c)(3), (4), or (6) of the Internal Revenue Code.(d) "Program" means the Maryland Nonprofit Development Center Program established under § 5-1202 of this subtitle.(e) "Qualifying nonprofit entity" means a nonprofit entity:(1) that has annual revenues not greater than $750,000;(2) that has been in existence for not more than 10 years; and(3) whose principal purpose is providing health, education, environmental, agricultural, or social services through community-based programs.Amended by 2017 Md. Laws, Ch. 631, Sec. 1, eff. 10/1/2017.Amended by 2017 Md. Laws, Ch. 629, Sec. 1, eff. 6/1/2017.