In this part the following words have the meanings indicated. “Borrower” means an eligible State agency, local jurisdiction, nonprofit organization, or eligible business that applies and qualifies for a loan under this Program. “Eligible business” means a commercial enterprise or business that is in good standing with the State Department of Assessments and Taxation and is: incorporated in the State; or registered to do business in the State. “Energy cost savings” means the actual reduction in operating expenses resulting from the installation, operation, and maintenance of a project financed under the Program. “Fund” means the Jane E. Lawton Conservation Fund. “Local jurisdiction” means any county or municipality of the State. “Local jurisdiction” includes: a board of education of a county or municipality; a special district that is established by State law and that operates within a single county; a special district that is established by a county under public general law; and an office, board, or department that is established in a county under State law and that is funded, under State law, at least in part by the county governing body. “Municipality” means any municipal corporation in the State that is subject to the provisions of Article XI–E of the Maryland Constitution or any duly authorized agency or instrumentality of the municipality. “Nonprofit organization” means a corporation, foundation, school, hospital, or other legal entity, no part of the net earnings of which inure to the benefit of any private shareholder or individual holding an interest in the entity. “Program” means the Jane E. Lawton Conservation Loan Program. “Project” means one or more improvements or modifications that enhance the energy efficiency and reduce the operating expenses of a structure located in Maryland.