United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 10, § 377: Loans for transportation assistance program, 2003

The board or its contracted financial-services entity may make loans to help persons with disabilities buy used vehicles needed for employment or employment training, but only for qualifying borrowers and only within the…

Source excerpt

employment supportloan programstransportation assistance

Jurisdiction: United States — Maine
Structure: 1 provisions
Official identity: Year 2003
Dates: Enacted 2003 · Source version 1 Oct 2025

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Dates: Enacted 2003 · Source version 1 Oct 2025

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“The board or its contracted financial-services entity may make loans to help persons with disabilities buy used vehicles needed for employment or employment training, but only for qualifying borrowers and only within the stated loan-cap limit.”

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Enacted 2003 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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Loans for transportation assistance program

Section 377

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Source record from legislature.maine.gov · Enacted 2003 · Source version 1 Oct 2025

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§ 377Loans for transportation assistance programRepeal

Source excerpt

The board or an entity with which the board has contracted to provide financial services pursuant to section 374, subsection 2 may award loans for the purpose of assisting persons with disabilities to purchase used vehicles necessary to obtain or retain employment or employment training, subject to the following limitations. [PL 2015, c. 412, §4 (AMD).] 1. Qualifications of borrower. A loan may be made under this section only to a qualifying borrower who meets the other requirements of this chapter and who demonstrates a need for a vehicle as part of an individualized plan toward employment developed with a state or community-based organization that provides employment services to persons with disabilities and that is approved by the board. [PL 2003, c. 99, §3 (NEW).] 2. Limitation on loan amount. [PL 2005, c. 191, §7 (RP).] 3. Aggregate amount of loans. The maximum aggregate amount of loans issued under this section may not exceed 7% of the value of program gross notes receivable. [PL 2005, c. 191, §7 (AMD).] 4. Repeal. [PL 2005, c. 191, §7 (RP).]

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1 Oct 2025 · currentEnglish

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