Sec. FF-1. 5 MRSA §12004-G, sub-§10-A, as enacted by PL 1995, c. 322, §1, is amended to read:
10-A. Education |
Kim Wallace Adaptive Equipment Loan Program Fund Board |
Expenses Only |
10 MRSA §373 |
Sec. FF-2. 10 MRSA c. 11 is amended by repealing the chapter headnote and enacting the following in its place:
CHAPTER 11
KIM WALLACE ADAPTIVE EQUIPMENT LOAN PROGRAM
Sec. FF-3. 10 MRSA §371, sub-§§1 and 2, as enacted by PL 1987, c. 817, §2, are amended to read:
1. Board. "Board" means the Kim Wallace Adaptive Equipment Loan Program Fund Board.
2. Fund. "Fund" means the Kim Wallace Adaptive Equipment Loan Program Fund.
Sec. FF-4. 10 MRSA §372, as enacted by PL 1987, c. 817, §2, is amended to read:
1. Creation of fund. There is established an the Kim Wallace Adaptive Equipment Loan Program Fund, which shall must be used to provide funding for adaptive equipment loans to qualified borrowers within the State in order to acquire equipment designed to assist the borrower in becoming independent. The fund shall must be deposited with, maintained and administered by the Finance Authority of Maine and shall 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 shall be is a nonlapsing revolving fund. All money in the fund shall must be continuously applied to carry out the purposes of this chapter.
2. Administrative expenses. Costs and expenses of maintaining, servicing and administering the Kim Wallace Adaptive Equipment Loan Program Fund established by this chapter may be paid out of amounts in the fund.
Sec. FF-5. 10 MRSA §373, sub-§1, as amended by PL 1997, c. 489, §1, is further amended to read:
1. Establishment; membership. There is established the Kim Wallace Adaptive Equipment Loan Program Fund Board that consists of 9 members as follows: the Director of the Bureau of Rehabilitation Services or the director's designee; the Treasurer of State or the Treasurer of State's designee; an experienced consumer lender; a certified public accountant; and 5 persons with a range of disabilities, all nondesignated members to be appointed by the Governor. The board shall annually elect a chair from among its members.
Sec. FF-6. 10 MRSA §374, sub-§3, as enacted by PL 1987, c. 817, §2, is 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.
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