{"data":{"id":"us-md/md.-code-economic-development-5-1201","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 5–1201","heading":"","body":"(a) In this subtitle the following words have the meanings indicated.\n(b) “Fund” means the Maryland Nonprofit Development Center Program Fund established under § 5–1204 of this subtitle.\n(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.\n(d) “Program” means the Maryland Nonprofit Development Center Program established under § 5–1202 of this subtitle.\n(e) “Qualifying nonprofit entity” means a nonprofit entity:\n(1) that has annual revenues not greater than $750,000;\n(2) that has been in existence for not more than 10 years; and\n(3) whose principal purpose is providing health, education, environmental, agricultural, or social services through community–based programs.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=5-1201","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"8e1ca5ca411101dcb1570d25881f650e420b92937b375a2b6101d4f7a84ca04f","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-5-1007","next":"us-md/md.-code-economic-development-5-1202"},"notice":"GroundRules: Original legal text. Not legal advice."}