[§201G-434] Duties of the advisory commission. (a) In addition to any other duties granted by this subpart, the advisory commission shall advise and assist the board of the corporation, evaluate the fund program each year, and report its evaluation with suggested changes to the legislature not fewer than twenty days before the convening of each regular session starting with the regular session of 1998.
(b) In addition to any other powers and duties granted under subsection (a), the commission shall:
(1) Define the guidelines, procedures, conditions, and details of loans and grants under this section; including, but not limited to the establishment of loan-to-value and debt-coverage ratios; and
(2) Have the authority to obtain the services of technical and support staff from other government agencies to carry out the purposes of this chapter. [L 1997, c 350, pt of §2]