A. Draft and modify or update, as necessary, a loan application form for loans from the road service revolving loan fund (loan fund) pursuant to FNSBC 14.04.210;

B. Consider, evaluate, modify, approve or deny, and prioritize applications for such loans; and receive administration recommendations;

C. Forward the recommendations of the board for any loans from the loan fund to the Borough Mayor for approval by the Borough Assembly; and

D. Monitor the progress of the loan fund and make an annual report, in conjunction with the Chief Financial Officer, through the Mayor to the Assembly of the loan fund’s activity, balance and loan repayments; and

E. May make recommendations through the Mayor to the Borough Assembly for additional appropriations to the loan fund. (Ord. 2003-55 § 3, 2003. 2004 Code § 2.95.040.)