§ 4-208
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§4–208.
(a)There is a Housing Finance Review Committee.
(b)The Housing Finance Review Committee consists of seven members appointed by the Governor on recommendation of the Secretary as follows:
(1)three employees of the Department, one of whom may be the Secretary;
(2)one employee of the Executive Branch of State government who is not employed by the Department; and
(3)three members of the public.
(1)The term of a public member is 4 years and begins on July 1.
(2)At the end of a term, a public member continues to serve until a successor is appointed and qualifies.
(3)A public member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
(1)The Housing Finance Review Committee shall review and make recommendations to the Secretary about:
(i)specific loan requests or categories of loan requests; and
(ii)the investment and project financing policies of the Administration.
(2)The Secretary may approve a specific loan request without a recommendation of the Housing Finance Review Committee if the request requires urgent action.