§ 81.145. Powers of the Executive Director.
Between Board meetings, the Executive Director and other staff as the Executive Director may designate, are authorized to exercise the powers of the Authority with regard to the protection of collateral and taking necessary action in the case of problem loans, subject to review by the Board at the next meeting at which a quorum is present. The powers are in addition to specific duties and responsibilities delegated to the Executive Director by the Board.
Authority The provisions of this § 81.145 issued under section 9 of the Pennsylvania Minority Business Development Authority Act (73 P.S. § 390.9).
Source The provisions of this § 81.145 adopted February 6, 1987, effective February 7, 1987, 17 Pa.B. 634.
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