1. (a) In this subtitle the following words have the meanings indicated.
2. (b) “Community development financial institution” has the meaning stated in 12 U.S.C. § 4702.
3. (c) “Community development organization” means an entity that meets the requirements under § 6-704 of this subtitle.

4. (d)

   1. (1) “Financial assistance” means a grant, a loan, or an investment provided under this subtitle.

   2. (2) “Financial assistance” includes:

      1. (i) an assurance;
      2. (ii) a guarantee;
      3. (iii) a prepayment of interest on a subordinate or superior loan or portion of a loan;
      4. (iv) a reduction in the principal obligation of or rate of interest payable on a loan or a portion of a loan; and
      5. (v) any other form of credit enhancement.
5. (e) “National capital region” means the areas of the State located within a sustainable community in Montgomery County or Prince George's County.
6. (f) “Program” means the National Capital Strategic Economic Development Program.
7. (g) “Sustainable community” means an area designated as a sustainable community under § 6-205 of this title.

Added by Acts 2019, c. 732, § 2, eff. Oct. 1, 2019. Amended by Acts 2021, c. 707, § 1, eff. July 1, 2021.