10 §1099-A. Definitions

§1099-A. Definitions As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1989, c. 774, §4 (NEW).] 1.  Authority.  “Authority” means the Finance Authority of Maine.   [PL 1989, c. 774, §4 (NEW).] 2.  Effective interest rate.  “Effective interest rate” means an annual percentage interest rate […]

10 §1099-B. Waste Oil Furnace Loan Program

§1099-B. Waste Oil Furnace Loan Program 1.  Program established.  There is established the Waste Oil Furnace Loan Program to be administered by the authority through approved lenders. The program subsidizes interest costs of loans made to eligible entities purchasing and properly installing qualified waste oil boilers and furnaces. The program subsidizes loan interest rates made […]