Maine Statutes
§ 20-A §12525 — Maximum loan repayment; participation
Maine·Title 20-A EDUCATION·Part 5 POST-SECONDARY EDUCATION·Ch. 428-A MAINE ENGINEERS RECRUITMENT AND RETENTION PROGRAM
The maximum program loan repayment amount available to each eligible individual, excluding the employer's match under section 12526, is $2,500 per year, for a maximum of 4 years. No more than 10 program loan repayment agreements may be awarded in any year. The authority may not award more than 40% of the program loan repayment agreements in any one year to individuals who are eligible under the provisions of section 12521, subsection 5, paragraph B.
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Legislative History
PL 2003, c. 710, §2 (NEW).
Nearby Sections
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