§ 10–137
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-137 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 1. Maryland Economic Development Corporation
§ 10–137LinkCopy Citation
(a)
In this part the following words have the meanings indicated.
(b)
“Area” means a geographic area in one or more political subdivisions in the State described by a closed perimeter boundary.
(c)
“Fund” means the Regional Institution Strategic Enterprise Zone Fund created under § 10–144 of this subtitle.
(d)
“Nonprofit organization” means an organization that is exempt or eligible for exemption from taxation under § 501(c)(3) of the Internal Revenue Code.
(e)
“Qualified institution” means an entity that is designated as a qualified institution under § 10–139 of this subtitle and may include:
(1)
a regional higher education center as defined under § 10–101 of the Education Article;
(2)
an institution of higher education as defined under § 10–101 of the Education Article; or
(3)
a nonprofit organization that is affiliated with a federal agency.
(f)
“RISE zone” means a geographic area in immediate proximity to a qualified institution that is targeted for increased economic and community development that meets the requirements of § 10–140 of this subtitle and is designated as a Regional Institution Strategic Enterprise zone by the Corporation under § 10–140 of this subtitle.