# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 8. Maryland Clean Energy Center

#### Section 10-862

(a) In this part the following words have the meanings indicated.

(b) "Borrower" means a nonprofit organization that applies and qualifies for a loan under the Program.

(c) "Fund" means the Green and Renewable Energy Efficiency for Nonprofits Loan Fund.

(d) "Nonprofit organization" means an organization that is exempt from federal income tax under Sec. 501(c)(3) of the Internal Revenue Code.

(e) "Program" means the Green and Renewable Energy Efficiency for Nonprofits Loan Program.

(f) "Qualifying energy system" means a system that:

  (1) generates electricity or usable thermal energy that is used to meet on-site demand; and

  (2) assists the State in meeting the environmental and greenhouse gas reduction goals under Title 2, Subtitle 12 of the Environment Article.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)