Maryland § 5-1201

§ 5-1201.

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

    (b)    “Fund” means the Maryland Nonprofit Development Center Program Fund established under § 5–1204 of this subtitle.

    (c)    “Nonprofit entity” means a corporation incorporated in the State, or otherwise qualified to do business in the State, that has been determined by the Internal Revenue Service to be exempt from taxation under § 501(c)(3), (4), or (6) of the Internal Revenue Code.

    (d)    “Program” means the Maryland Nonprofit Development Center Program established under § 5–1202 of this subtitle.

    (e)    “Qualifying nonprofit entity” means a nonprofit entity:

        (1)    that has annual revenues not greater than $750,000;

        (2)    that has been in existence for not more than 10 years; and

        (3)    whose principal purpose is providing health, education, environmental, agricultural, or social services through community–based programs.