Maine Revised Statutes Title 20-A Sec. 11443 – Supplemental loans
Current as of: 2023 | Check for updates
|
Other versions
1. Programs. The authority is authorized to carry out one or more programs making financial and other assistance available to borrowers or institutions to finance the cost of attendance. The authority is further authorized to issue bonds, lend the proceeds of the bonds and exercise any other power set forth in this chapter for these purposes.
[PL 1991, c. 603, §6 (NEW).]
Terms Used In Maine Revised Statutes Title 20-A Sec. 11443
- 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. 11442
- Bonds: includes bonds, notes, refunding bonds, commercial paper, pass-through instruments or any other evidences of obligations of the authority issued under this chapter. See Maine Revised Statutes Title 20-A Sec. 11442
- Cost of attendance: means the tuition and fees applicable to a student, together with an estimate of other expenses reasonably related to cost of attendance at an institution, including, without limitation, the cost of room and board, transportation, books and supplies. See Maine Revised Statutes Title 20-A Sec. 11442
2. Policies. The authority shall establish rules pertaining to participation in the Student Financial Aid Supplemental Loan Program, issuing bonds and borrowing money by the authority, a process for allocation and carry-forward of that portion of the state ceiling on issuance of tax exempt bonds allocated to the authority pursuant to Title 10, chapter 9, servicing and collection of loans made pursuant to programs of the authority and other policies governing the operation of the authority.
[PL 1991, c. 603, §6 (NEW).]
SECTION HISTORY
PL 1991, c. 603, §6 (NEW).