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25,400 statutes · page 14 of 1270
United States — Maine legislation
20 statutes shown from 25,400 source-backed records
The Agricultural Marketing Loan Fund is created and must be kept by the Finance Authority of Maine and administered by the Commissioner of Agriculture, Conservation and Forestry.
There is created a fund known as the Potato Marketing Improvement Fund, referred to in this section as "the fund." The fund must be deposited with and maintained by the authority to be used solely for investment in the Maine potato
Creates the Dairy Improvement Fund and requires the authority to hold and maintain it, credit specified money to it, use fund money for dairy farm improvement loans and related administration, and allows the authority to adopt implementation rules.
This section creates a loan program and fund for logging and fishing enterprises, and sets loan purposes, loan-size limits, interest limits, fund-use rules, reporting, and rulemaking authority.
This section requires the authority to request money in writing when specified funds are insufficient, and requires the Governor to transfer money or order bond issuance to cover the shortfall.
When, in the opinion of the authority, the action is necessary to safeguard the Mortgage Insurance Fund, Loan Insurance Reserve Fund, Underground Oil Storage Replacement Fund or Overboard Discharge Replacement Fund and to maintain income
The authority may insure loan payments, but only if stated conditions are met and several loan types and amount limits are respected.
The authority may insure mortgage payments for certain pooled mortgage loans, but the insurance may not exceed 50% of aggregate principal balances.
The program lets businesses apply for loans, but the authority must check eligibility, creditworthiness, need, loan limits, terms, interest caps, and other conditions.
The authority must create the Capital Access Program and related fund, set up participation agreements, and limit contributions and CAP loans under specified conditions.
The section creates a revolving loan program and fund for business assistance, with the authority administering the program, setting loan conditions, and overseeing participating corporations.
This section creates a state venture capital program and fund, and sets rules for how eligible private venture capital funds are selected, funded, monitored, and audited.
The section creates a revolving loan program and fund for early care and education businesses, administered by the authority.
The authority may run a state innovation finance program and issue refundable tax credits; the retirement system is not required to invest, and if it participates there are limits, reporting duties, and loss-reimbursement rules.
The authority may run the Maine Capital Investment Program to support eligible business development projects, and recipients have reporting and repayment-related duties if they receive support.
The authority may set mortgage insurance premiums and must set how they are paid and assessed, including the premium rate and principal obligation basis.
Eligible payments under certain subchapter 3 project financing may be insured, and the authority must make insurance payments and try to collect amounts due from the mortgagor when obligated by contract or agreement.
A loan insurance commitment or contract executed and delivered by the authority is conclusive evidence of loan-insurance eligibility, subject to the contract’s conditions, and is incontestable in the hands of an insured except for the insured’s fraud or misrepresentation.
Loans insured under this subchapter are legal investments for the listed institutions and persons.
1. Capital reserve fund. The authority may create and establish one or more capital reserve funds and may pay into any such capital reserve fund any money appropriated and made available by the State for the purposes of any such fund and
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