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Section 10. Committee Functions: BRLF loan applications received from the participating <br />banks will be received by the EDA staff, which will review and on a preliminary basis <br />prioritize applications based on the priorities as listed in the BRLF Policy. These <br />applications will be furnished to the Committee for review and development of a <br />recommendation to the EDA Board of Commissioners as to which applications shall <br />be funded based on the criteria in the BRLF Policy. <br />Section 11. <br />Amendments: These Bylaws may be amended by motion at a meeting of the <br />Committee with the approval of at least a majority of the Committee members in <br />office at any time. The Bylaws and any subsequent changes must be approved by the <br />EDA Board of Commissioners before they become effective. <br />Adopted By: <br />Date Adopted: <br />Economic Development Authority BRLF Loan Review Committee <br />Recording Secretary <br />-15- <br />