Rule 122:7-1-03 | Officers.
(A) Chairperson. The director, or the director's designee, will serve as chairperson of the authority. After the authority has approved tax credits for a project, the chairperson or a professional employee of the department of development to whom the chairperson has delegated such authority will execute all agreements with the business entities for tax credits.
(B) Vice-chairperson. The authority will annually elect one of its members to serve as vice-chairperson. In the absence of the chairperson or the chairperson's designee, the vice-chairperson acts as chairperson of the authority. In the absence of the chairperson or the chairperson's designee and the vice-chairperson, the members of the authority present at a meeting may elect one of its members to chair the meeting.
Last updated January 9, 2025 at 8:05 AM
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