Maine Const. art. VIII, § 2

Maine Constitution

Article VIII, § 2 — Authority to pledge the credit of the State and to issue bonds for loans to Maine students in higher education and their parents

This text of Maine Const. art. VIII, § 2 (Authority to pledge the credit of the State and to issue bonds for loans to Maine students in higher education and their parents) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionMaine DocumentConstitution

ArticleVIII

Section§ 2

CitationMaine Const. art. VIII, § 2

Bluebook

Me. Const. art. VIII, § 2.

Full Text

For the purpose of assisting the youth of Maine to achieve the required levels of learning and to develop their intellectual and mental capacities, the Legislature, by proper enactment, may authorize the credit of the State to be loaned to secure funds for loans to Maine students attending institutions of higher education, wherever situated, and to parents of these students. Funds shall be obtained by the issuance of state bonds, when authorized by the Governor, but the amount of bonds issued and outstanding shall not at one time exceed in the aggregate $4,000,000. Funds loaned shall be on such terms and conditions as the Legislature shall authorize.

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For the purpose of assisting the youth of Maine to achieve the required levels of learning and to develop their intellectual and mental capacities, the Legislature, by proper enactment, may authorize the credit of the State to be loaned to secure funds for loans to Maine students attending institutions of higher education, wherever situated, and to parents of these students. Funds shall be obtained by the issuance of state bonds, when authorized by the Governor, but the amount of bonds issued and outstanding shall not at one time exceed in the aggregate $4,000,000. Funds loaned shall be on such terms and conditions as the Legislature shall authorize.

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Bluebook (online)

Maine Const. art. VIII, § 2, Counsel Stack Legal Research, https://law.counselstack.com/constitution/me/VIII/2.