Any person whose application to inspect and/or copy records has been denied pursuant to section 1550.9 of this Part may, within 30 days from the denial, appeal such denial to the general manager of the fund. Such appeal must be in writing and must set forth the name and address of the applicant, the specific record(s) requested, the date of the denial and the reasons given for such denial. The general manager shall, upon receipt of a written appeal, immediately review the matter and affirm, modify or reverse the denial. If the general manager affirms or modifies the denial, he shall, within seven business days of receipt of the appeal, state, in writing, his reasons, for such affirmation or modification, to the person making the appeal and inform such person of his right to appeal such affirmation or modification under article 78 of the Civil Practice Law and Rules. The general manager shall, immediately upon such affirmation or modification, forward to the committee on public access to records a copy of such appeal and his determination thereon.