Maine Revised Statutes Title 20-A Sec. 12524 – Loan repayment agreement application
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Terms Used In Maine Revised Statutes Title 20-A Sec. 12524
- Authority: means the Finance Authority of Maine. See Maine Revised Statutes Title 20-A Sec. 12521
- Eligible employer: means a business in the State that employs engineers and that demonstrates a need to fill an eligible employment position. See Maine Revised Statutes Title 20-A Sec. 12521
- Eligible employment position: means a full-time position of employment with an employer located in this State, a requirement of which is a bachelor's degree in an engineering discipline. See Maine Revised Statutes Title 20-A Sec. 12521
- Eligible individual: means a person who:
A. See Maine Revised Statutes Title 20-A Sec. 12521Program: means the Maine Engineers Recruitment and Retention Program established in section 12522. See Maine Revised Statutes Title 20-A Sec. 12521
Beginning July 1, 2007, an eligible employer seeking to fill an eligible employment position with an eligible individual who has outstanding student loans from financial institutions may apply on behalf of that individual to obtain one or more program loan repayment agreements under section 12526. Applications must be submitted to the authority at a time and in a format to be determined by the authority. [PL 2003, c. 710, §2 (NEW).]
SECTION HISTORY
PL 2003, c. 710, §2 (NEW).