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167 chapters · 1,156 sections in this title.
20-A M.R.S. § 12921 Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2015, c. 435, §1 (NEW).] 1. Authority. "Authority" means the Finance Authority of Maine. 2. Fund. "Fund" means the Maine Science, Technology, Engineering and Math…
20-A M.R.S. § 12922 Maine Science, Technology, Engineering and Mathematics Loan Program
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The Maine Science, Technology, Engineering and Mathematics Loan Program is established to increase the number of students in this State pursuing undergraduate and graduate degrees in the fields of science, computer science, technology, engineering and mathematics. The authority s…
20-A M.R.S. § 12923 Maine Science, Technology, Engineering and Mathematics Loan Fund
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1. Fund established. The Maine Science, Technology, Engineering and Mathematics Loan Fund is created as a nonlapsing, interest-earning, revolving fund to carry out the purposes of this chapter. 2. Funds. The authority may receive, invest and expend on behalf of the fund money fro…
20-A M.R.S. § 12924 Loan agreement; repayment
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A STEM student applying for a loan under section 12922 shall enter into an agreement with the authority that includes the following provisions. [PL 2015, c. 435, §1 (NEW).] 1. Principal; interest. Upon completion of postsecondary education, the STEM student shall repay the entire…