Maine § 20-A §12525 Maximum loan repayment; participation

Maine Statutes

§ 20-A §12525 — Maximum loan repayment; participation

Maine § 20-A §12525

Title 20-AEDUCATION

Part 5POST-SECONDARY EDUCATION

Ch. 428-AMAINE ENGINEERS RECRUITMENT AND RETENTION PROGRAM

This text of Maine § 20-A §12525 (Maximum loan repayment; participation) 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 §12525 (2026).

Text

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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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.