Maine Revised Statutes Title 20-A Sec. 11651 – Scholarships for Maine Fund
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Terms Used In Maine Revised Statutes Title 20-A Sec. 11651
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
The Scholarships for Maine Fund is created and established as a nonlapsing fund under the jurisdiction and control of the Finance Authority of Maine. All revenues credited to this fund must be distributed as scholarships based on need for residents of the State who are enrolled in an accredited postsecondary education program of at least one year. The Finance Authority of Maine shall award scholarships and adopt rules for determining eligibility, terms and conditions of grants. Rules adopted pursuant to this section are routine technical rules pursuant to Title 5, chapter 375, subchapter II?A. Interest earned on amounts in the fund may be used for the costs of administering the grants. [PL 1997, c. 97, §5 (NEW).]
SECTION HISTORY
PL 1997, c. 97, §5 (NEW).