Sec. 15.4. Operating procedures

(a) Each zone capital corporation must establish an investment committee for the purpose of evaluating applications for loans and equity investments. Such committee must include members with the business and financial expertise necessary to evaluate applications for loans and/or equity investments.

(b) To the maximum extent feasible, each empire zone capital corporation must undertake measures and procedures to ensure meaningful participation by minority and women-owned businesses, as well as locally owned business enterprises in the activities and investments of the corporation.