§ 27-1. Definitions.

(a) In general.

In this subtitle, the following terms have the meanings indicated.

(b) Beneficiary.

"Beneficiary" means any person who:

(1) has a contract with the City for more than $300,000; or

(2) will benefit from more than $5,000,000 in assistance for a City-subsidized project.

"City-subsidized project" means any project for which the City or any of its agents or contractors provides funds, resources, or financial assistance, including:

(1) the sale or transfer of land substantially below its appraised value;

(2) payment in lieu of taxes;

(3) tax increment financing;

(4) grants or loans that equal or exceed 15% of total projected project costs; or

(5) installation or repair of physical infrastructure directly related to the project and with value equal to or exceeding 5% of total projected project costs.

(d) MOED.

"MOED" means the Mayor's Office of Employment Development.

(e) {Repealed}