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167 chapters · 1,156 sections in this title.
20-A M.R.S. § 10981 Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2019, c. 239, §4 (NEW).] 1. Account holder. "Account holder" means an eligible person who owns a family development account. 2. Community development organization…
20-A M.R.S. § 10982 Family development account program
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The university shall administer the family development account program to allow eligible persons to establish savings accounts to be used for education, job training, purchase or repair of a home, purchase or repair of a vehicle for access to work or education, capitalization of …
20-A M.R.S. § 10983 Withdrawal of funds
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1. Use of funds. An account holder may withdraw funds from the account with the approval of the community development organization administrator without penalty for the following expenditures: A. Expenses for education or job training or to attend an accredited or approved postse…
20-A M.R.S. § 10984 No reduction in benefits
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Notwithstanding any other rule or provision of state law, the first $10,000 of funds and any accrued interest in an account under this chapter are excluded from consideration in determining eligibility or benefit levels for any assistance or benefit granted under state law.