Duties.
El Paso City Code § 2.68.070
in effect2.68.070 - Duties.
The board shall perform the following duties:
A. Promote, receive, review and approve or deny applications for loans intended to create jobs in the city in accordance with the standards adopted by council;
B. Use the reasonable standard of care of the financial community in reviewing loan applications and in creating standards for repayments of loans;
C. Utilize all repayments of loans in conformity with the ordinance codified in this chapter for further loans.
(Ord. 8140 § 8, 1984)
Source: City of El Paso, City Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/tx/el_paso/codes/code_of_ordinances?nodeId=TIT2ADPE_CH2.68ECDELOBO_2.68.070DUFetched: 10/28/2026