Revolving Loan Fund Committee

The Board of Selectmen shall appoint a board of 5 trustees to oversee the activities of the RLF. The RLF trustees shall appoint, supervise and coordinate the activities of the RLF administrator; evaluate all loan applications; ensure the proper application of RLF funds; encourage the employment of low-to-moderate income citizens of Lubec through the creation of new job opportunities; and report activities of the RLF to the Board of Selectmen. The complete RLF by-laws are available at the town office.