LD 1482
pg. 3
Page 2 of 3 P & S Law Chapter 5 LD 1482 Title Page
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LR 2138
Item 1

 
previously allocated to the Maine Educational Loan Authority
remains allocated to the Maine Educational Loan Authority to be
used in accordance with the Maine Revised Statutes, Title 10,
section 363, subsection 8. An additional $10,000,000 of the state
ceiling for calendar year 2005 is allocated to the Maine
Educational Loan Authority to be used in accordance with Title 10,
section 163, subsection 8. No portion of the state ceiling for
calendar year 2006 is allocated to the Maine Educational Loan
Authority.

 
Sec. 5. Allocation to Maine State Housing Authority. The $40,000,000 of the
state ceiling for calendar year 2005 previously allocated to the
Maine State Housing Authority remains allocated to the Maine
State Housing Authority to be used or reallocated in accordance
with the Maine Revised Statutes, Title 10, section 363,
subsection 4 for calendar year 2005. Forty million dollars of
the state ceiling for calendar year 2006 is allocated to the
Maine State Housing Authority to be used or reallocated in
accordance with Title 10, section 363, subsection 4.

 
Sec. 6. Unallocated state ceiling. Of the state ceiling for calendar
year 2005, $94,180,000 is unallocated and must be reserved for
future allocation in accordance with applicable laws. Of the
state ceiling for calendar year 2006, $154,180,000 is unallocated
and must be reserved for future allocation in accordance with
applicable laws.

 
Emergency clause. In view of the emergency cited in the preamble,
this Act takes effect when approved.

 
Effective May 10, 2005.


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