§ 10 §1099-A — Definitions

Maine § 10 §1099-A

• Jurisdiction: Maine
• Title 10: COMMERCE AND TRADE
• Part 2: BUILDING AND DEVELOPMENT
• Ch. 110: FINANCE AUTHORITY OF MAINE

Text

As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.
1.
Authority.
"Authority" means the Finance Authority of Maine.
2.
Effective interest rate.
"Effective interest rate" means an annual percentage interest rate paid by the borrower.
3.
Eligible entity.
"Eligible entity" means any person, business, corporation, association, firm, partnership, municipality or other organization located in the State but does not include any agency of the State.
4.
Fund.
"Fund" means the Waste Oil Furnace Loan Fund established by this subchapter.
5.
NFPA.
"NFPA" means the National Fire Protection Association.
6.
Program.
"Program" means the Waste Oil Furnace Loan Program established by this subchapter.
7.
Properly installed.
"Properly installed" means a boiler or furnace installed in accordance with NFPA Standard 31 or subsequent NFPA installation standards adopted by the Maine Fuel Board.
8.
Qualified boiler or furnace.
"Qualified boiler or furnace" means any new or replacement boiler or furnace fueled wholly or in part by waste oil that produces energy for space heating or cooling or for use in a manufacturing process and is listed by the Maine Fuel Board as a waste oil boiler or furnace.
9.
Waste oil.
"Waste oil" means a petroleum-based oil that, through use or handling, has become unsuitable for its original purpose due to the presence of impurities or the loss of original properties. Waste oil includes, but is not limited to, the following:

Legislative History

PL 1989, c. 774, §4 (NEW). PL 1991, c. 255, §1 (AMD). PL 2013, c. 300, §§3, 4 (AMD).