1. (a) In this subtitle the following words have the meanings indicated.
2. (b) “Fund” means the Neighborhood Housing Services Fund.
3. (c) “Neighborhood corporation” means a neighborhood housing services corporation established in connection with the Neighborhood Reinvestment Corporation.

4. (d)

   1. (1) “Operating budget” means the money necessary to operate a neighborhood corporation, including money to pay:

      1. (i) administrative, technical, legal, or other expenses; and
      2. (ii) expenses incurred by an umbrella corporation in operating programs.
   2. (2) “Operating budget” does not include money allocated to revolving or other loan funds.
5. (e) “Program” means a program that a neighborhood corporation establishes and supervises to achieve its goals and to provide services within a specific neighborhood.
6. (f) “Umbrella corporation” means a neighborhood corporation that establishes and supervises at least two programs.

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.