§157. Loan Guarantee Program Fund established
1. Establishment; purpose. The Loan Guarantee Program Fund, referred to in this section as "the fund," is established as a nonlapsing Other Special Revenue Funds account within the Office of the Treasurer of State. All money received by the fund from any source, including any transfers from the General Fund unappropriated surplus, must be credited to the fund. Money credited to the fund must be used to guarantee the repayment of loans made by a credit union or financial institution to an eligible affected employee pursuant to the Loan Guarantee Program established in Title 10, chapter 110, subchapter 14.
[PL 2019, c. 617, Pt. I, §1 (NEW).]
2. Termination; repeal. The fund is terminated on June 30, 2022. Upon the termination of the Loan Guarantee Program, the State Controller shall transfer any funds remaining in the fund to the Meals for Publicly Funded Students at Private Academies program, Other Special Revenue Funds account within the Department of Education.
[PL 2021, c. 759, Pt. E, §1 (AMD); PL 2021, c. 759, Pt. E, §2 (AFF).]
SECTION HISTORY
PL 2019, c. 617, Pt. I, §1 (NEW). PL 2021, c. 759, Pt. E, §1 (AMD). PL 2021, c. 759, Pt. E, §2 (AFF).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
5 §121. Office; bond; salary; deputy; fees
5 §122. Conditions of bond; filing
5 §123. Bond premiums to be paid by State
5 §124. Governor may require new bond
5 §125. Personal use or receipt of money from treasury or credit prohibited
5 §126. -- Attorney General to prosecute violations
5 §127. Governor may hear complaints; removal from office
5 §128. Appointment of commissioner to fill vacancy (REPEALED)
5 §130. Payment of receipts into State Treasury
5 §131. Departmental collections
5 §132. Records; collections (REPEALED)
5 §133. Payments to be withheld and applied on accounts
5 §135. Deposit of state funds; limitations
5 §135-A. Establishment of other special revenue accounts
5 §137. Purchase of unmatured bonds of State
5 §138. Custody and servicing of securities; investment of trust funds; exceptions; prorations
5 §139. Disposal of money and securities
5 §140. -- Restoration of permanent trust funds (REPEALED)
5 §141. -- "Reserve against future losses" account (REPEALED)
5 §142. -- investment of sinking funds
5 §143. Register of investments and Treasurer of State's report
5 §144. Form of unregistered bonds
5 §145-B. Issuance of registered bonds; miscellaneous provisions
5 §145-C. Capital appreciation bonds
5 §146. Equivalent bond to be issued on assignment
5 §147. Cancellation and registry of old bonds
5 §148. Cremation of old bonds
5 §149. Signature of outgoing Treasurer of State valid
5 §150. Temporary loans by State
5 §150-A. Short-term borrowing in anticipation of federal transportation funds
5 §151. Funds of professional licensing boards
5 §151-A. Income from temporary investment of bonds
5 §152. Ratification of bond issue; signed statement
5 §154. Services to nonstate agencies
5 §156. Authorization to establish program; payments for MaineCare benefits prohibited