A search committee for the new athletic director at George Washington University has made its recommendation to Lloyd Elliott, the school's president, and Steve Bilsky, an assistant athletic director at the University of Pennsylvania, apparently is now one of three finalists for the job.

Bilsky was the sixth and final candidate interviewed by the search committee Oct. 20. That was the same day on which it was reported that Chip Zimmer, GW's acting athletic director, and Howard Hohman, who was AD at Louisville during the Cardinals' 1980 NCAA championship basketball team, had emerged as the leading candidates among the five interviewed up to then.

Bilsky, 33, has been an assistant athletic director at Penn for three years. He has worked at the university since 1976 after receiving his undergraduate degree from the Wharton School of Finance and his master's in counseling. He was a starting guard on the 1971 Penn basketball team that was an undefeated Ivy League champion. He was drafted by the New York Knicks and the ABA's Carolina Cougars, but played one year of pro basketball in Israel.

Contacted last night, Zimmer, Hohman and Bilsky each said that no one from GW had contacted them with a job offer or about a second interview. Edward Caress, chairman of the search committee, refused comment.