Maine Revised Statutes, Title 10, § 1100-II: Government Shutdown Loan Guarantee Program established
The section establishes a loan guarantee program administered by the authority.
- Eligibility determination
- Government shutdown relief
- Loan guarantees
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Maine Revised Statutes, Title 10, § 1100-JJ: Eligibility of affected employees; loan terms; process
Eligible financial institutions may make loans to qualifying affected employees, but the employee must prove eligibility, the loan amount is capped, and the agreement cannot require repayment during the grace period or charge pre-grace-period interest.
- Loan eligibility
- Loan terms
- Tax treatment
Maine Revised Statutes, Title 10, § 1100-KK: Loan guarantee
An eligible financial institution may claim loan principal recovery from the authority within a set time window after the grace period if it tried in good faith to collect and was unsuccessful.
- Financial institutions
- Government fund payment
- Loan recovery
Maine Revised Statutes, Title 10, § 1100-LL: Duties and powers of authority
1. Maintenance and review of records. The authority shall maintain records in the regular course of administration of the program, including a record of loans issued pursuant to section 1100‑JJ and loan guarantee payments issued pursuant
- Loan administration
- Loan guarantees
- Recordkeeping
Maine Revised Statutes, Title 10, § 1100-M: Authorization
The Finance Authority of Maine may run a statewide low-interest loan program to support small business development and expansion in Maine, through contracts with designated local community action agencies.
Maine Revised Statutes, Title 10, § 1100-MM: New loans prohibited after shutdown
An affected employee may not apply for a loan under the program after a shutdown ends, and a financial institution may not approve such a loan after a shutdown ends.
- Financial institution
- Loan program
- Shutdown
Maine Revised Statutes, Title 10, § 1100-N: Administration and procedures
The authority may contract with community action agencies for the Maine Job-start Program, but participating agencies and local boards have specific duties for accepting applications, reviewing loans, reporting, and administering the program.
- Community action agencies
- Loan administration
- Program governance
- Small business financing
Maine Revised Statutes, Title 10, § 1100-NN: Review of funding needs
The appropriations and financial affairs committee may, after consulting the financial services committee, report legislation to address program funding needs.
- Appropriations
- Financial affairs
- Financial services
- Program funding
Maine Revised Statutes, Title 10, § 1100-O: Revolving loan fund
The authority establishes a Job-start Revolving Loan Fund and controls the original fund, while approved community action agencies may administer separate revolving loan funds.
- Administrative expenses
- Investment of public moneys
- Revolving loan fund
Maine Revised Statutes, Title 10, § 1100-P: Reports
Community action agency job-start programs must file reports required by the authority, and the authority must include certain Job-start Revolving Loan Fund and program activity information in its annual report.
Maine Revised Statutes, Title 10, § 1100-T: Tax credit certificates
This section authorizes the authority to issue seed capital investment tax credit certificates and sets eligibility, investment, and reporting requirements.
- Investment eligibility
- Reporting
- Small business financing
- Tax credits
- Venture capital funds
Maine Revised Statutes, Title 10, § 1100-Z: Maine New Markets Capital Investment Program
1. Findings and intent. The Legislature finds that encouragement of investment in qualified businesses and developments located in economically distressed areas of the State and the creation and preservation of jobs are in the public
- Investment incentives
- Reporting
- Rulemaking
- Tax credit allocation
Year unavailable
Maine Revised Statutes, Title 10, § 1101: Contracts in restraint of trade
Contracts, combinations, or conspiracies that restrain trade or commerce in this State are illegal.
- Commerce
- Restraint of trade
Maine Revised Statutes, Title 10, § 1102-A: Acquisition of assets of person engaged in commerce which tends to create a monopoly
A person engaged in commerce in this State may not acquire stock, share capital, or assets of another such person if the effect may substantially lessen competition or create a monopoly.
- Asset acquisition
- Competition
- Monopoly
- Share capital acquisition
Maine Revised Statutes, Title 10, § 1102: Conspiracies to monopolize trade
A person may not monopolize, attempt to monopolize, or conspire to monopolize any part of the State’s trade or commerce.
- Market competition
- Monopolization
Maine Revised Statutes, Title 10, § 1104: Right of action and damages
People injured by conduct forbidden by sections 1101, 1102, or 1102-A may bring a civil action and, if they win, recover treble damages and specified costs and fees.
- Attorney general enforcement
- Civil penalties
- Damages
- Injunctions
Maine Revised Statutes, Title 10, § 1105: Profiteering in necessities
The Governor may declare an abnormal market disruption, but a person may not sell necessities at an unconscionable price after such a declaration and before it expires.
- Market disruption
- Necessities
- Pricing
Year unavailable
Maine Revised Statutes, Title 10, § 1106: Profiteering in rents
A person may not demand or collect an unreasonable or unjust rent or charge, or impose an unreasonable or unjust term or condition, for renting a mobile home park lot or dwelling premises.
- Mobile home parks
- Rental housing
Year unavailable
Maine Revised Statutes, Title 10, § 1107: Investigation by Attorney General
The Attorney General must investigate specified antitrust-related violations and may summon witnesses and documents; the investigation is confidential and can be enforced by the Superior Court.
- Antitrust
- Confidential investigations
- Subpoenas
Maine Revised Statutes, Title 10, § 1108: Final judgment or decree as prima facie evidence
A final judgment or decree in a State antitrust case can be used as prima facie evidence against the defendant in later actions under those laws, except for certain pre-testimony consent judgments or decrees.
- Collateral estoppel
- Judgment enforcement
- Litigation evidence
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