§ 5-1001
201 words·~1 min read·
/md/economic-development/5-1001A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–1001.
(a)In this subtitle the following words have the meanings indicated.
(b)“Active duty” has the meaning stated in § 9–901 of the State Government Article.
(c)“Fund” means the Uniformed Services Personnel and Veteran–Owned Small Business No–Interest Loan Fund established under § 5–1006 of this subtitle.
(d)“Reserve component” has the meaning stated in § 9–901 of the State Government Article.
(e)“Service–disabled veteran” means a veteran with a disability that is service–connected, as defined in 38 U.S.C. § 101(16).
(1)“Small business employer” means an employer who employed an average of 50 or fewer employees on business days during the calendar year preceding the determination of eligibility for a loan under this subtitle.
(2)For purposes of paragraph
(1)of this subsection, all persons treated as a single employer under § 414(b), (c), (m), or
(o)of the Internal Revenue Code shall be treated as a single employer under this subtitle.
(g)“Uniformed services” has the meaning stated in § 9–901 of the State Government Article.
(h)“Veteran” has the meaning stated in § 9–901 of the State Government Article.
(i)“Veteran–owned small business” means a small business that is at least 51% owned by a veteran.