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124th MAINE LEGISLATURE |
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LD 856 |
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LR 1279(01) |
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An Act To Ensure
the Availability of Supplemental Educational Loans |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Sen. Raye of Washington |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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Potential
contingent liability - General Fund |
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Fiscal Detail
and Notes |
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Eliminating the
cap placed on the principal amount of a certain type of bond that the Maine
Educational Loan Authority may have outstanding at one time expands the
pledge of the moral obligation of the State for student loan bonds. |
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