(a) The chairperson may appoint an Executive Committee consisting of:

1. (1) A chairperson;
2. (2) A vice-chairperson; and
3. (3) Such other members of the Technology Equipment Revolving Loan Fund Committee as the chairperson may determine.

(b) The Executive Committee shall have the power to:

1. (1) Submit recommendations for action by the Technology Equipment Revolving Loan Fund Committee; and
2. (2) Perform such duties as may be delegated to it from time to time by vote of the Technology Equipment Revolving Loan Fund Committee.