2006 Utah Code - 9-4-703 — Housing loan fund board -- Duties -- Expenses.

     9-4-703.   Housing loan fund board -- Duties -- Expenses.
     (1) There is created the Olene Walker Housing Loan Fund Board.
     (2) The board shall be composed of 11 voting members.
     (a) The governor shall appoint the following members to four-year terms:
     (i) two members from local governments;
     (ii) two members from the mortgage lending community;
     (iii) one member from real estate sales interests;
     (iv) one member from home builders interests;
     (v) one member from rental housing interests;
     (vi) one member from housing advocacy interests;
     (vii) one member of the manufactured housing interest; and
     (viii) two members of the general public.
     (b) The director or his designee shall serve as the secretary of the committee.
     (c) The members of the board shall annually elect a chair from among the voting membership of the board.
     (3) (a) Notwithstanding the requirements of Subsection (2), the governor shall, at the time of appointment or reappointment, adjust the length of terms to ensure that the terms of board members are staggered so that approximately half of the board is appointed every two years.
     (b) When a vacancy occurs in the membership for any reason, the replacement shall be appointed for the unexpired term.
     (4) (a) The board shall:
     (i) meet regularly, at least quarterly, on dates fixed by the board;
     (ii) keep minutes of its meetings; and
     (iii) comply with the procedures and requirements of Title 52, Chapter 4, Open and Public Meetings Act.
     (b) Seven members of the board constitute a quorum, and the governor, the chair, or a majority of the board may call a meeting of the board.
     (5) The board shall:
     (a) review the housing needs in the state;
     (b) determine the relevant operational aspects of any grant, loan, or revenue collection program established under the authority of this chapter;
     (c) determine the means to implement the policies and goals of this chapter;
     (d) determine specific projects that the board considers should receive grant or loan moneys; and
     (e) determine how fund moneys shall be allocated and distributed.
     (6) (a) (i) Members who are not government employees shall receive no compensation or benefits for their services, but may receive per diem and expenses incurred in the performance of the member's official duties at the rates established by the Division of Finance under Sections 63A-3-106 and 63A-3-107.
     (ii) Members may decline to receive per diem and expenses for their service.
     (b) (i) State government employee members who do not receive salary, per diem, or expenses from their agency for their service may receive per diem and expenses incurred in the performance of their official duties from the board at the rates established by the Division of Finance under Sections 63A-3-106 and 63A-3-107.

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     (ii) State government employee members may decline to receive per diem and expenses for their service.
     (c) (i) Local government members who do not receive salary, per diem, or expenses from the entity that they represent for their service may receive per diem and expenses incurred in the performance of their official duties at the rates established by the Division of Finance under Sections 63A-3-106 and 63A-3-107.
     (ii) Local government members may decline to receive per diem and expenses for their service.

Amended by Chapter 14, 2006 General Session