Md. Code, Econ. Dev. § 10-201

Current with changes from the 2024 Legislative Session

Section 10-201 - Definitions

(a) In this subtitle the following words have the meanings indicated.

(b) "Authority" means the Maryland Food Center Authority.

(c) "Bond" means a bond, note, or any other obligation issued under this subtitle.

(d) "Center" means the Maryland Food Center.

(e) "Costs", with respect to a development or project, means:

(1) the purchase price;

(2) the cost of any property, right, easement, and franchise considered necessary to construct and establish a development or project;

(3) the cost of relocation of wholesale food dealers or tenants under § 10-212 of this subtitle;

(4) the cost of labor, materials, and equipment, including expenses of relocating public utility facilities under § 10-210 of this subtitle;

(5) financing charges;

(6) interest before and during construction;

(7) the cost of revenue and cost estimates, engineering, architectural, and legal services, plans, specifications, surveys, and other expenses necessary or incident to determining the feasibility or practicability of the construction of a development or project;

(8) administrative expenses; and

(9) other expenses necessary or incident to:

(i) the financing of a development or project;

(ii) constructing and establishing a development or project; and

(iii) placing a development or project into operation.

(f) "Development" means:

(1) the Center;

(2) a commercial seafood development; and

(3) any other multiproject food-related or agriculturally related real estate development that the Authority undertakes to further the purposes of this subtitle.

(g)

(1) "Food" means agricultural and other edible food products and floricultural and horticultural products.

(2) "Food" includes the following:

(i) butter;

(ii) cheese;

(iii) eggs;

(iv) fruits;

(v) meats;

(vi) meat products;

(vii) poultry;

(viii) seafood; and

(ix) vegetables.

(3) "Food" may be in packaged or fresh form.

(4) "Food" shall be liberally construed.

(h) "Improve" means to add, alter, construct, equip, expand, extend, improve, install, reconstruct, rehabilitate, remodel, or repair.

(i) "Improvement" means addition, alteration, construction, equipping, expansion, extension, improvement, installation, reconstruction, rehabilitation, remodeling, or repair.

(j)

(1) "Project" means a facility, operation, or portion of a development that the Authority undertakes to further the purposes of this subtitle.

(2) "Project" includes:

(i)

1. a market;

2. a food handling, processing, storage, or distribution facility; and

3. a commercial seafood facility or operation;

(ii) a facility or service ancillary or appurtenant to a development or a project that the Authority determines will enhance the public convenience or attractiveness of the development or project, including:

1. a bank;

2. a parking or other transportation facility;

3. a restaurant;

4. a store; and

5. any other commercial enterprise;

(iii) land, structures, equipment, furnishings, rail or motor vehicles, barges, and boats in a development or project;

(iv) property and rights in a development or project; and

(v) land and facilities that are functionally related to a development or project.

Md. Code, EC § 10-201

Amended by 2016 Md. Laws, Ch. 49,Sec. 1, eff. 7/1/2016.