§12531. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2005, c. 427, §1 (NEW).] 1. Authority. “Authority” means the Finance Authority of Maine. [PL 2005, c. 427, §1 (NEW).] 2. Eligible employment position. “Eligible employment position” means a full-time position within the […]
§12532. Future for Youth in Maine Loan Repayment Program 1. Establishment; administration. There is established the Future for Youth in Maine Loan Repayment Program, referred to in this chapter as “the program.” The program is established to recruit and retain college graduates in the State to start new technology-based businesses. The authority shall administer the […]
§12533. Nonlapsing fund A nonlapsing, interest-earning, revolving fund under the jurisdiction of the authority is created to carry out the purposes of this chapter. The authority may receive, invest and expend, on behalf of the fund, money from gifts, grants, bequests and donations in addition to money appropriated or allocated by the State. Money received […]
§12534. Rules The authority shall establish rules necessary to implement this chapter. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A. [PL 2005, c. 427, §1 (NEW).] SECTION HISTORY PL 2005, c. 427, §1 (NEW).
§12535. Report The authority shall report on the program to the Department of Economic and Community Development, to the joint standing committee of the Legislature having jurisdiction over education matters and to the joint standing committee of the Legislature having jurisdiction over business matters no later than January 15, 2007 and annually thereafter. [PL […]
