Maine § 20-A §11652 Finance Authority of Maine sponsored credit card

Maine Statutes

§ 20-A §11652 — Finance Authority of Maine sponsored credit card

Maine § 20-A §11652

Title 20-AEDUCATION

Part 5POST-SECONDARY EDUCATION

Ch. 419-CSCHOLARSHIPS FOR MAINE FUND

This text of Maine § 20-A §11652 (Finance Authority of Maine sponsored credit card) 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.

Bluebook

Me. Rev. Stat. tit. 20-A, § 20-A §11652 (2026).

Text

1.Finance Authority of Maine sponsored credit card. The Finance Authority of Maine may enter into an agreement with a financial institution, as defined in Title 9‑B, section 131, subsection 17‑A or a credit union, as defined in Title 9‑B, section 131, subsection 12‑A, or other credit card issuer to issue a credit card for the benefit of the Scholarships for Maine Fund.

2.Agreement. If the Finance Authority of Maine enters into an agreement with a financial institution, credit union or other credit card issuer in accordance with subsection 1, the Finance Authority of Maine shall negotiate the most favorable agreement for the Finance Authority of Maine, considering such factors as:

3.Distribution of proceeds. Funds received by the Finance Authority of Maine under the agreement with the fi

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1.
Finance Authority of Maine sponsored credit card.
The Finance Authority of Maine may enter into an agreement with a financial institution, as defined in Title 9‑B, section 131, subsection 17‑A or a credit union, as defined in Title 9‑B, section 131, subsection 12‑A, or other credit card issuer to issue a credit card for the benefit of the Scholarships for Maine Fund.
2.
Agreement.
If the Finance Authority of Maine enters into an agreement with a financial institution, credit union or other credit card issuer in accordance with subsection 1, the Finance Authority of Maine shall negotiate the most favorable agreement for the Finance Authority of Maine, considering such factors as:
3.
Distribution of proceeds.
Funds received by the Finance Authority of Maine under the agreement with the financial institution, credit union or other credit card issuer must be deposited into the Scholarships for Maine Fund.