(a) In general.- In this subtitle the following words have the meanings indicated. |
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| Revisor's Note. | ||||
No changes are made. |
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(b) Committee.- "Committee" means the Maryland Economic Adjustment Financing Committee. |
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| Revisor's Note. | ||||
No changes are made. |
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(c) Defense contractor.- "Defense contractor" means a company that, in the 5 years preceding the loan application under this subtitle, derived a substantial amount of its revenue from defense contracts. |
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| Revisor's Note. | ||||
This subsection is new language derived without substantive change from former Art. 83A, § 6-501(c). |
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(d) Fund.- "Fund" means the Maryland Economic Adjustment Fund. |
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| Revisor's Note. | ||||
No changes are made. |
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(e) Working capital.- |
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(1) "Working capital" means money for current operations of a business. |
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(2) "Working capital" includes money for supplies, materials, labor, equipment, rent, software, marketing, insurance, and fees for professional services. |
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| Revisor's Note. | ||||
In this subsection and throughout this subtitle, the references to "money" are substituted for the former references to "funds" for consistency within this article. |
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In paragraph (1) of this subsection, the former phrase "to be used" is deleted as surplusage. |
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No other changes are made. |
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[An. Code 1957, art. 83A, § 6-501(a)-(e); 2008, ch. 306, § 2.] |
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