Section 17935.5 - Establishment of the Loan Committee(a) A Loan Committee is hereby established to assist the Board in meeting the goals of the Program.(b) The Loan Committee shall be composed of not more than nine individuals appointed by the Board.(c) The Loan Committee shall be comprised of a balanced cross-section of individuals from the commercial lending community, both public and private sectors, from throughout the state who demonstrate expertise in financial analysis and credit evaluation.(d) Members of the Loan Committee shall each be appointed to a three-year term, except that the newly added members terms may be adjusted so that a staggered schedule of terms is established where not more than four members terms shall expire during any single calendar year.(e) Vacancies shall be filled using the same procedures as used for the initial appointments, and shall be filled for the remaining portion of the respective terms.Cal. Code Regs. Tit. 14, § 17935.5
1. New section filed 11-24-92; operative 11-24-92 pursuant to Government Code section 11346.2(d) (Register 92, No. 48).
2. Change without regulatory effect amending NOTE filed 7-8-94 pursuant to section 100, title 1, California Code of Regulations (Register 94, No. 27).
3. Repealer and new section heading and section filed 9-15-97; operative 9-15-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 38).
4. Amendment of NOTE filed 10-18-2005; operative 11-17-2005 (Register 2005, No. 42). Note: Authority cited: Section 40502, Public Resources Code. Reference: Section 42023.4, Public Resources Code.
1. New section filed 11-24-92; operative 11-24-92 pursuant to Government Code section 11346.2(d) (Register 92, No. 48).
2. Change without regulatory effect amending Note filed 7-8-94 pursuant to section 100, title 1, California Code of Regulations (Register 94, No. 27).
3. Repealer and new section heading and section filed 9-15-97; operative 9-15-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 38).
4. Amendment of Note filed 10-18-2005; operative 11-17-2005 (Register 2005, No. 42).