- (a) The Board shall appoint members of an advisory committee.
(b) The membership of the advisory committee shall be composed of members who are:
- (1) required for the Corporation to qualify as a qualified community development entity under 26 U.S.C. § 45D(c)(1);
- (2) residents of the State; and
- (3) geographically representative of the locations of low-income communities in the State.
- (c) The Board shall adopt policies establishing the responsibilities of the advisory committee.
- (d) The advisory committee shall prioritize projects owned or operated by entities that have their principal place of business in the State when advising on investments made in low-income communities in the State.
Added by Acts 2024, c. 123, § 1, eff. July 1, 2024.