Sec. 1. 20-A MRSA §12501, as amended by PL 1999, c. 783, §2, is repealed.

Sec. 2. 20-A MRSA §12501-A is enacted to read:

§12501-A.__Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1.__Academic achievement.__"Academic achievement" means earning a grade point average of 3.0 or more, based on a 4.0 grade point system, or the equivalent, based upon the most recent cumulative grade point average.

2.__Authority.__"Authority" means the Finance Authority of Maine.

3.__Chief executive officer.__"Chief executive officer" means the chief executive officer of the Finance Authority of Maine.

4.__Child care.__"Child care" means a regular service of care and protection provided for compensation for any part of a day less than 24 hours to a child or children under 13 years of age whose parents work outside the home, attend an educational program or are otherwise unable to care for their children.

5.__Child care facility.__"Child care facility" means a child care center or a home day care provider as defined in Title 22, section 8301-A.

6.__Child care provider qualifications.__"Child care provider qualifications" means a degree or certificate in child development or a related area as determined by rule of the authority.

7.__Cost of attendance.__"Cost of attendance" has the same meaning as in 20 United States Code, Section 1087ll and the regulations, guidelines and procedures promulgated under that section except, for students attending less than half-time, cost of attendance is determined on the same basis as for students attending half-time.

8.__Duly enrolled.__"Duly enrolled" means, for an undergraduate, enrolled full-time and, for a graduate student, enrolled at least part-time at an institution of higher education, as evidenced in a form satisfactory to the authority.