Prior to any revision of the fees, charges and interest rates for financing residential rehabilitation, the Board of Supervisors shall prescribe standards for the revision of such fees, charges and interest rates. Such standards:
(a) Shall be adopted by the Board of Supervisors after a public hearing preceded by public notice to affected parties; and
(b) May reflect only changes in interest rates on the City and County's bonds, losses due to defaults, and bona fide changes in loan servicing charges related to the administration of a program under the provisions of this Chapter.
(Added by Ord. 482-80, App. 10/17/80)
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