Maine § 10 §1100-N Administration and procedures

Maine Statutes

§ 10 §1100-N — Administration and procedures

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

1.Contracts. The authority may contract with any community action agency that seeks to organize a job-start program. The authority shall first contract with community action agencies that have current contracts with the authority to administer the Maine Job-start Program. The authority may then contract with any community action agency that seeks to organize a job-start program. A participating agency shall accept applications from eligible participants, regardless of whether an applicant resides in the region normally served by that agency, unless the applicant resides in a region served by another participating agency. The contract must provide as a minimum the following. 1-A. Contracts for local agency control of funds. The authority may contract with a community action agency to admin

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Contracts.
The authority may contract with any community action agency that seeks to organize a job-start program. The authority shall first contract with community action agencies that have current contracts with the authority to administer the Maine Job-start Program. The authority may then contract with any community action agency that seeks to organize a job-start program. A participating agency shall accept applications from eligible participants, regardless of whether an applicant resides in the region normally served by that agency, unless the applicant resides in a region served by another participating agency. The contract must provide as a minimum the following.
1-A.
Contracts for local agency control of funds.
The authority may contract with a community action agency to administer the Maine Job-start Program and may provide for agency control of a portion of the Job-start Revolving Loan Fund for a specified period of time. A contract entered into with an agency pursuant to this section may provide that the agency is responsible for the administration of all existing loans made by the authority upon the recommendation of the agency's advisory committee. A contract may be renewed upon a showing of continued compliance with all requirements. The authority may enter into a contract with a community action agency upon a showing by the local agency that it complies with each of the following requirements.
2.
Loan criteria and procedures.
The authority may adopt rules to implement the Maine Job-start Program, which must include, but are not limited to, the following loan criteria:
3.
Business support group initiative.
Notwithstanding anything in this section to the contrary, the authority and any contracting community action agency may delegate application review, loan approval and servicing decisions to one or more designated business support groups in the area served by the contracting community action agencies, subject to the following requirements.

Maine § 10 §1100-N (Administration and procedures) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1983, c. 856, §4 (NEW). PL 1985, c. 344, §96 (AMD). PL 1985, c. 714, §39 (AMD). PL 1987, c. 697, §14 (AMD). PL 1989, c. 857, §49 (AMD). RR 1991, c. 2, §31 (COR). PL 1991, c. 622, §J19 (AMD). PL 1991, c. 622, §J25 (AFF). PL 1993, c. 214, §§2-7 (AMD).