Maine Revised Statutes Title 20-A Sec. 11493 – Higher Education Loan Purchase Program
Current as of: 2023 | Check for updates
|
Other versions
1. Program. The authority is authorized to carry out the program by issuing bonds for the purpose of financing eligible loans and may use any net earnings on those bonds to administer the program, to pay or further secure the bonds and to make eligible loans.
[PL 2007, c. 520, §4 (AMD).]
Terms Used In Maine Revised Statutes Title 20-A Sec. 11493
- Authority: means the Finance Authority of Maine established in Title 10, section 961 and its successors or assigns. See Maine Revised Statutes Title 20-A Sec. 11492
- Bonds: includes bonds, notes, commercial paper, pass-through instruments or any other evidences of indebtedness the authority issues under this chapter. See Maine Revised Statutes Title 20-A Sec. 11492
- Program: means the Higher Education Loan Purchase Program established by this chapter. See Maine Revised Statutes Title 20-A Sec. 11492
2. Authorization.
[PL 2007, c. 520, §5 (RP).]
3. Rules. The authority shall adopt rules to implement and administer the program. All rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2?A.
[PL 2003, c. 455, §2 (NEW).]
SECTION HISTORY
PL 2003, c. 455, §2 (NEW). PL 2007, c. 520, §§4, 5 (AMD).