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maintained and administered by the Finance Authority of Maine or | | other state agency and contain appropriations provided for that | | purpose, interest accrued on the fund balance, funds received by | | the board to be applied to the fund and funds received in repayment | | of loans. This fund is a nonlapsing revolving fund. All money in | | the fund must be continuously applied to carry out the purposes of | | this chapter. |
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| | | Sec. 2. 10 MRSA §374, sub-§3, as amended by PL 1999, c. 731, Pt. FF, | | §6, is further amended to read: |
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| | | 3. Administer loan program. The board shall administer the | | Kim Wallace Adaptive Equipment Loan Program Fund established by | | this chapter and may contract with the Finance Authority of Maine | | and state or community-based groups dealing with disabled persons | | for such assistance in administering the program as the board may | | require. The board may employ persons, including private legal | | counsel and financial experts, on either a temporary or permanent | | basis,__in order to carry out any of its powers and duties.__ | | Employees of the board are not subject to Title 5, chapter 71 and | | Title 5, chapter 372, subchapter 2. |
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| | | Sec. 3. 10 MRSA §374, sub-§4, ¶C, as enacted by PL 1997, c. 489, §2, | | is repealed. |
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| | | Sec. 4. 10 MRSA §374, sub-§4, ¶D is enacted to read: |
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| | | D.__Loan applications may be approved or denied by the board | | only at a regular or special meeting except as follows: |
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| | | (1)__Approval of applications for loans may be | | delegated by the board to a subcommittee of the board | | containing at least 5 members if an applicant would | | suffer undue hardship by waiting for the next regular | | meeting; or |
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| | | (2)__Approval of applications for loans may be | | delegated to outside contractors with criteria and | | terms as provided by the board and approved no less | | than annually. |
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| | | All approved loans must be ratified by the board at the | | board's next regular or special meeting.__All loans | | recommended for denial by the delegated authority must be | | acted upon by the board at the board's next regular or | | special meeting. |
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| | | Sec. 5. 10 MRSA §375, sub-§1, as enacted by PL 1987, c. 817, §2, is | | amended to read: |
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