<?xml version='1.0' encoding='utf-8'?>
<section number="10-149" name="Reporting requirements; failure to meet loan funding" law="code" slug="sec-10-149" node_id="PTIITI17PULOLAPRGECOMA_SUBTITLE_10FITA_DIV3COBASMBULEPR_S10-149REREFAMELOFU">
  <level label="a">
    <text>Each bank participant shall comply with annual reporting requirements, including but not limited to, statistics on the number and dollar amount of loans originated during the reporting year and the total amount of loans outstanding.</text>
  </level>
  <level label="b">
    <text>The Director of Finance shall issue an annual report to the County Council to include documenting lending activity and job creation.</text>
  </level>
  <level label="c">
    <text>In the event that any bank participant does not meet its loan funding goal during any reporting year, the County shall have the right to withdraw the deposit in accordance with a process defined by the regulations promulgated by the Director of Finance.</text>
  </level>
</section>
