(a) The Loan Committee shall periodically review the rules and procedures and standards for the granting of residential rehabilitation loans and shall recommend changes as needed to the chief Administrative Officer.
(b) The Loan Committee shall review and recommend approval or denial of applications required to be considered by the Loan Committee by or pursuant to this Chapter.
(c) The Loan Committee shall operate in an manner consistent with by-laws which shall be developed by the Chief Administrative Officer, and the recommendations of approval or denial of loan applications shall be in accordance with the requirements contained in, or adopted pursuant to, this Chapter.
(Added by Ord. 23-74, App. 1/9/74)
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