Ch. 689

1994 LAWS OF MARYLAND

(2)      THE TERMS OF APPOINTED MEMBERS SHALL BE STAGGERED.

(3)      AT THE END OF A TERM, AN APPOINTED MEMBER CONTINUES TO
SERVE UNTIL A SUCCESSOR IS APPOINTED.

(4)      A MEMBER WHO IS APPOINTED AFTER A TERM HAS BEGUN SERVES
ONLY FOR THE REST OF THE TERM AND UNTIL A SUCCESSOR IS APPOINTED.

(5)      A MEMBER SERVES AT THE PLEASURE OF THE SECRETARY.

(D)     THE COMMITTEE SHALL EXERCISE ITS POWERS AND PERFORM ITS
DUTIES SUBJECT TO THE AUTHORITY OF THE SECRETARY.

(E)     THE COMMITTEE SHALL:

(1)      DETERMINE WHETHER TO APPROVE LOAN REQUESTS FROM
QUALIFIED APPLICANTS FOR DEFENSE ADJUSTMENT LOANS; AND

(2)      SET THE TERMS AND CONDITIONS FOR SUCH LOANS.

(F)      THE EXERCISE BY THE COMMITTEE OF THE POWERS GRANTED BY THIS
SUBTITLE CONSTITUTES AN ESSENTIAL GOVERNMENT FUNCTION.

(G)     THE COMMITTEE SHALL DETERMINE THE TIMES AND PLACES OF ITS
MEETINGS.

(H) EACH MEMBER OF THE COMMITTEE IS ENTITLED TO REIMBURSEMENT
FOR EXPENSES UNDER THE STANDARD STATE TRAVEL REGULATIONS, AS
PROVIDED IN THE STATE BUDGET.                                                                                       

(I) ANY DETERMINATION BY THE COMMITTEE WITH RESPECT TO FINANCIAL
ASSISTANCE UNDER THIS SUBTITLE IS SUBJECT TO THE PROVISIONS OF THE
MARYLAND PUBLIC ETHICS LAW.

(J) THE EXISTENCE OF ANY CONFLICT OF INTEREST OR ANY VIOLATION OF
THE MARYLAND PUBLIC ETHICS LAW MAY NOT BE CONSTRUED TO AFFECT:

(1)      THE VALIDITY OF ANY FINDING OR DETERMINATION MADE UNDER
THIS SUBTITLE; OR                                                                                                                    

(2)      THE ENFORCEABILITY OF ANY AGREEMENT ENTERED INTO UNDER
THIS SUBTITLE.

(K) IN ADDITION TO ANY OTHER POWERS SET FORTH IN THIS SUBTITLE, THE
COMMITTEE MAY:

(1)      ADOPT BYLAWS TO REGULATE ITS AFFAIRS AND THE CONDUCT OF
ITS BUSINESS;

(2)      CONTRACT FOR AND ENGAGE THE SERVICES OF CONSULTANTS;

(3)      ELECT A CHAIRPERSON AND VICE CHAIRPERSON FROM AMONG ITS
MEMBERS; AND

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