Update COMMUNITY_FUND_POLICY.md

Signed-off-by: Michael Dawson <mdawson@devrus.com>

community-fund/COMMUNITY_FUND_POLICY.md

@@ -79,10 +79,13 @@ Some events might have a fixed deadline for applications. Those deadlines will b
 ## CPC Review Schedule & Process 
 
 - CPC will review requests once a month in the CPC private session
-- Pending requests will be sent to the private CPC mailing list prior to the review meeting
+- Pending requests will be sent to the private CPC mailing list prior to the review meeting.
+  In the context of the lazy concensus process, the pending request list is a proposal to accept
+  all of the requests. CPC members should raise any objections before the scheduled meeting,
+  otherwise a final decision to approve a request can be confirmed in the meeting.
 - The CPC will use a scoring rubric to help with decision making
-<!-- - Initial approval will be made by simple majority of the voting and regular members in attendance
-- Non-present members will have the oppurtunity to object to a decision over email -->
+- If any requests are rejected, an email with the rejected requests will be send to the private
+  CPC mailing list and CPC members will have 2 days to object before the decision is confirmed.
 
 ### Scoring Rubric