Maryland § 5-1401
Full text of Maryland Maryland Code § 5-1401, with citation guidance and answers to common questions.
§ 5-1401.
(a) In this subtitle 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 § 5–1408 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 § 5–1403 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 § 5–1404 of this subtitle and is designated as a Regional Institution Strategic Enterprise zone by the Secretary under § 5–1404 of this subtitle.
Frequently Asked Questions About Maryland § 5-1401
What does Maryland Code § 5-1401 cover?
Section 5-1401 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 5-1401?
A common citation format is "Maryland Code § 5-1401" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 5-1401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.