Maryland Statutes
Part I - Definitions; General Provisions
Section 4-208 - Housing Finance Review Committee

(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.

Structure Maryland Statutes