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§ 4-208. Housing Finance Review Committee

West's Annotated Code of MarylandHousing and Community Development

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 4. Division of Development Finance (Refs & Annos)
Subtitle 2. Community Development Administration (Refs & Annos)
Part I. Definitions; General Provisions (Refs & Annos)
MD Code, Housing & Community Development, § 4-208
§ 4-208. Housing Finance Review Committee
Currentness
Established
(a) There is a Housing Finance Review Committee.
Composition
(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.
Term
(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.
Duties
(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.

Credits

Added by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005.
MD Code, Housing & Community Development, § 4-208, MD HOUS & CMTY DEV § 4-208
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document