§ 9-1 Definitions.

In this subtitle, the following terms have the meanings indicated.

“Board” means the Board of Directors of the fiscal agent.

“Fiscal agent” means the entity designated by <cite data-path="|5|§9-4|(a)">§ 9-4(a) of this subtitle</cite> to administer the Fund and this subtitle.

“Fiscal sponsor” means a nonprofit recognized as tax-exempt under Internal Revenue Code § 501(c)(3) that enters into an agreement with another organization to provide financial management and administrative support to that organization.

“Fund” means the Children and Youth Fund established by <cite data-doc="City of Baltimore, Md., Charter" data-path="I|§13">City Charter Article I, § 13</cite> {“Children and Youth Fund”}.

“Grant” means money, regardless of source, that is controlled by the Fund and allocated from the Fund to a grantee for a specific purpose.

“Grantee” means a legal entity to which the Fund makes a grant.