3.__Accounts within fund.__The state authority may divide funds into separate accounts as it determines necessary or convenient for carrying out this subchapter.

4.__Revolving fund.__The fund is a nonlapsing revolving fund.__ The state authority shall continuously apply all money in the fund appropriated by the State to carry out this subchapter.

§4930.__Assistance from fund

The state authority shall provide through the fund assistance to preschool and small preschool facilities, as defined in Title 22, section 1315, subsections 6-B and 6-C, that are required to incur expenditures for lead abatement pursuant to Title 22, chapter 252.

1.__Operation.__The state authority shall administer the fund, which may be operated in conjunction with other programs of the state authority.__Other programs of the state authority may be used to supplement or work in conjunction with the fund to achieve the purpose of this subchapter.

A.__Money in the fund may be used as security for or be applied in payment of principal, interest, fees and other charges due on loans made or insured under this subchapter.

B.__Money in the fund may be used to provide assistance to owners or operators of preschool and small preschool facilities who qualify for grant assistance under this subchapter.

C.__Money in the fund may be matched with federal money and money of political subdivisions of the State.

2.__Provisions governing use of money.__The fund must be administered subject to the provisions in this section.__Priority must be given to owners and operators of preschool and small preschool facilities who do not have access to adequate capital or credit to perform the required lead abatement.

A.__The state authority, by rules adopted in accordance with the Maine Administrative Procedure Act, shall establish