LD 1267
pg. 2
Page 1 of 4 PUBLIC Law Chapter 191 Page 3 of 4
Download Chapter Text
LR 1629
Item 1

 
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.

 
Sec. 2. 10 MRSA §374, sub-§3, as amended by PL 1999, c. 731, Pt. FF,
§6, is further amended to read:

 
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.

 
Sec. 3. 10 MRSA §374, sub-§4, ¶C, as enacted by PL 1997, c. 489, §2,
is repealed.

 
Sec. 4. 10 MRSA §374, sub-§4, ¶D is enacted to read:

 
D.__Loan applications may be approved or denied by the board
only at a regular or special meeting except as follows:

 
(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

 
(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.

 
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.

 
Sec. 5. 10 MRSA §375, sub-§1, as enacted by PL 1987, c. 817, §2, is
amended to read:


Page 1 of 4 Top of Page Page 3 of 4
Related Pages
  Search Bill Text Legislative Information
Bill Directory Search
Bill
Status
Session Information
119th Legislature Bills Maine Legislature

Office of Legislative Information
100 State House Station
Augusta, ME 04333
voice: (207) 287-1692
fax: (207) 287-1580
tty: (207) 287-6826
Word Viewer for Windows Disclaimer