EDA tables RLF policy update after packet contained wrong version and inconsistent loan caps
Members found a wrong RLF document in the packet and flagged inconsistent maximum loan amounts (appearing as $50,000 in places and $200,000 in others); the board will circulate the corrected version for further review.
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Board members identified an incorrect or outdated version of the proposed Revolving Loan Fund policy in the meeting packet and agreed to table the item so staff can circulate the corrected document and specific proposed changes.
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