LD 1402
pg. 2
Page 1 of 2 An Act To Conform the Voting Members of Certain State Entities LD 1402 Title Page
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LR 1848
Item 1

 
2. Qualifications. Each member must be a resident of this
State. One member must be the Treasurer of State, ex officio
and nonvoting, or the Treasurer of State's designee. Of the
remaining 6 members to be appointed by the Governor, 3 members
must be trustees, directors, officers or employees of
institutions of higher education, one of whom must be from an
institution not owned or operated by the State or any of its
political subdivisions and one of whom must be from a
technical college owned or operated by the State. Each member
of the authority, before entering upon that member's duties,
shall take and subscribe the oath or affirmation required by
the Constitution of Maine, Article IX, Section 1. A record of
each oath must be filed in the office of the Secretary of
State. With the exception of a member serving in an ex
officio capacity, a member of the authority may not at the
same time serve as an officer, director or employee of a
nonprofit corporation formed under section 11407 and former
Title 20, section 2237, of the state agency designated as
administrator of federal guaranteed student loan programs
pursuant to chapter 417, subchapter I 1 or of any entity that
has a contract to provide a significant level of
administrative services to the authority, to a nonprofit
corporation formed under section 11407 and former Title 20,
section 2237 or to the state agency designated as
administrator of federal guaranteed student loan programs
pursuant to chapter 417, subchapter I 1.

 
SUMMARY

 
This bill amends the status of the Treasurer of State from
being a nonvoting member to a voting member of the group of
representatives who vote with respect to agreements or
recommendations for allocation or reallocation of the state
ceiling and a voting member of the Maine Educational Loan
Authority.


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