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§ 4-208. Housing Finance Review Committee

MD House & Comm Dev Code § 4-208 (2019) (N/A)
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(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.

(c)    (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.

(d)    (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.

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