Current with changes from the 2024 Legislative Session
Section 9-20C-01 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Administration" means the Maryland Energy Administration.(c) "Advisory Committee" means the Maryland Offshore Wind Business Development Advisory Committee established under § 9-20C-02 of this subtitle.(d) "Director" means the Director of the Maryland Energy Administration.(e) "Emerging business" means a business that is at least 51% owned and controlled by an individual or individuals who are certified to have a personal net worth, as defined in § 14-301 of the State Finance and Procurement Article, that does not exceed $6,500,000 as adjusted each year for inflation according to the Consumer Price Index.(f) "Fund" means the Maryland Offshore Wind Business Development Fund established under § 9-20C-03 of this subtitle.(g) "Minority" means an individual who is a member of any of the groups listed in § 14-301(k)(1)(i) of the State Finance and Procurement Article.Added by 2013 Md. Laws, Ch. 43,Sec. 1, eff. 7/1/2013.