1. (a) There is a Land Preservation Rapid Response Advisory Committee.

2. (b) The purpose of the Advisory Committee is to:

   1. (1) Review and prioritize Program loan applications for consideration by the Board of Trustees; and

   2. (2) Make recommendations to the Board of Trustees on:

      1. (i) Which projects to fund, whether in whole or in part; and
      2. (ii) The funding to be allocated to each project.

3. (c) The Advisory Committee consists of:

   1. (1) A representative of the Department, selected by the Secretary; and

   2. (2) The following members, selected by the Board of Trustees:

      1. (i) A representative of the Trust that is not a member of the Executive Committee;
      2. (ii) A representative of a nonprofit land conservation organization in the State;
      3. (iii) A representative of a local parks and recreation department in the State; and
      4. (iv) An individual with experience in loan underwriting.

Added by Acts 2023, c. 546, § 2, eff. Oct. 1, 2023.