2018 New York Laws
BNK - Banking
Article 5-A - New York Business Development Corporation
214 - Committees.

§ 214.  Committees.  1.  There  shall  be  a  loan  committee  of such
  corporation for each of  the  twelve  economic  regions  as  defined  in
  section  two hundred eleven of this chapter or such other regions as the
  board of  directors  shall  designate  for  this  purpose.    Each  such
  committee  shall  include  such  persons as the board of directors shall
  designate.
2. The board of directors of such corporation may establish an  office
  for any such loan committee, within such committee's economic region.
3.  Every  application  to  such  corporation  for a loan or financial
  assistance shall be made through the loan  committee  for  the  economic
  region  wherein  the  applicant  resides or maintains a regular place of
  business, or directly to one of the regional offices of the corporation.
  Any such applications made  to  a  regional  office  shall  be  promptly
  referred  to  the  loan  committee  for  the economic region wherein the
  applicant resides or maintains a regular place  of  business.  All  such
  applications shall thereupon be reviewed by such regional loan committee
  and promptly transmitted by it to the central loan committee established
  by   the   board   of   directors  for  consideration,  along  with  the
  recommendations of such regional loan committee with respect thereto.
4. The board of directors shall have the responsibility to appoint all
  necessary board and officer committees to provide for prudent management
  and oversight of such corportion.