Current with changes from the 2024 Legislative Session
Section 4-1001 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Fund" means the Neighborhood Housing Services Fund.(c) "Neighborhood corporation" means a neighborhood housing services corporation established in connection with the Neighborhood Reinvestment Corporation.(d)(1) "Operating budget" means the money necessary to operate a neighborhood corporation, including money to pay:(i) administrative, technical, legal, or other expenses; and(ii) expenses incurred by an umbrella corporation in operating programs.(2) "Operating budget" does not include money allocated to revolving or other loan funds.(e) "Program" means a program that a neighborhood corporation establishes and supervises to achieve its goals and to provide services within a specific neighborhood.(f) "Umbrella corporation" means a neighborhood corporation that establishes and supervises at least two programs.