§11401. General provisions
1. Purpose. The purpose of this subchapter is to allow the authority to continue a student loan insurance program, meeting certain federal requirements, in order to secure loans to students attending institutions of higher education, including career and technical education training institutions, and to parents of these students, in accordance with the Constitution of Maine, Article VIII, Part First, Section 2.
[RR 2003, c. 2, §67 (COR).]
2. Definitions. As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.
A. "Authority" means the Finance Authority of Maine. [PL 1989, c. 698, §13 (NEW); PL 1989, c. 698, §76 (AFF).]
B. "Chief executive officer" means the Chief Executive Officer of the Finance Authority of Maine. [PL 1989, c. 698, §13 (NEW); PL 1989, c. 698, §76 (AFF).]
[PL 1989, c. 698, §13 (NEW); PL 1989, c. 698, §76 (AFF).]
SECTION HISTORY
PL 1981, c. 693, §§5,8 (NEW). PL 1985, c. 797, §47 (AMD). PL 1989, c. 698, §13 (RPR). PL 1991, c. 716, §7 (AMD). RR 2003, c. 2, §67 (COR).
Structure Maine Revised Statutes
Part 5: POST-SECONDARY EDUCATION
Chapter 417: FEDERAL FINANCIAL ASSISTANCE PROGRAMS
Subchapter 1: LOAN INSURANCE PROGRAMS
20-A §11401. General provisions
20-A §11402. Loan programs administered
20-A §11403. Student Loan Insurance Fund
20-A §11404. Additions to Student Loan Insurance Fund
20-A §11405. Powers and duties
20-A §11407. Authorization for Governor to request organizations to acquire loan notes