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V. PLAN AMOMIQNTS The Indian River County Local Housing Assistance Plan (IRCLHAPlan) shall be adopted and amended in conformance with the following guidelines: A. Authority The IRCLHAPlan may be adopted and amended by a resolution or by an ordinance of the Indian River County Board of County Commissioners. _ .. B. Timina At a minimum, the IRCLHAPlan must be amended, updated and adopted (as revised) every three years. However, the IRCLHAPlan may be amended or updated by the Indian River County Board of County Commissioners at any time. Furthermore, the IRCLHAPlan shall be amended and updated prior to expiration of the currently adopted IRCLHAPlan's listed date of duration. C. Procedures Adoption and amendment procedures for the IRCLHAPlan shall be as follows: 1. The IRCLHAPlan and amendment proposals shall be compiled by the Community Development Department staff. 2. To the extent feasible the IRCLHAPlan and compiled amendment proposals shall be presented to the Indian River County Affordable Housing Advisory Committee (IRCAHAC) for review and consideration. 3. The IRCAHAC shall review the IRCLHAPlan and amendment proposals and shall make a formal recommendation for consideration of the IRCLHAPlan and the amendment proposals to the Indian River County Board of County Commissioners. 4. The Indian River County Board of County Commissioners shall review the proposed IRCLHAPlan and amendment proposals and vote to transmit the proposed IRCLHAPLan and amendment proposals as approved by the Board, to the Florida Housing Finance Corporation Ageney (FHFC) for its compliance review. 5. The IRCLHAPlan and amendment proposals shall be transmitted to the FHFC within ten (10) working days of the Board of County Commissioners' determination to 70