United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 5, § 157: Loan Guarantee Program Fund established, 2019

The Loan Guarantee Program Fund is established as a nonlapsing account in the Office of the Treasurer of State, with money credited to it used to guarantee certain loans.

fund managementloan guaranteesstate accounts

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01

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“The Loan Guarantee Program Fund is established as a nonlapsing account in the Office of the Treasurer of State, with money credited to it used to guarantee certain loans.”

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    Enacted 2019 · 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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Loan Guarantee Program Fund established

The Loan Guarantee Program Fund is established as a nonlapsing account in the Office of the Treasurer of State, with money credited to it used to guarantee certain loans.

Section 157

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Source record from legislature.maine.gov · Enacted 2019 · Source version 1 Oct 2025

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Repeal
§ 157Loan Guarantee Program Fund establishedRepeal

The Loan Guarantee Program Fund is established as a nonlapsing account in the Office of the Treasurer of State, with money credited to it used to guarantee certain loans.

1. Establishment; purpose. The Loan Guarantee Program Fund, referred to in this section as "the fund," is established as a nonlapsing Other Special Revenue Funds account within the Office of the Treasurer of State. All money received by the fund from any source, including any transfers from the General Fund unappropriated surplus, must be credited to the fund. Money credited to the fund must be used to guarantee the repayment of loans made by a credit union or financial institution to an eligible affected employee pursuant to the Loan Guarantee Program established in Title 10, chapter 110, subchapter 14. [PL 2019, c. 617, Pt. I, §1 (NEW).] 2. Termination; repeal. The fund is terminated on June 30, 2022. Upon the termination of the Loan Guarantee Program, the State Controller shall transfer any funds remaining in the fund to the Meals for Publicly Funded Students at Private Academies program, Other Special Revenue Funds account within the Department of Education. [PL 2021, c. 759, Pt. E, §1 (AMD); PL 2021, c. 759, Pt. E, §2 (AFF).]
Section 157Verify source

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  • 1 Oct 2025 · currentEnglish

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