Maine Statutes
§ 20-A §12533 — Nonlapsing fund
Maine·Title 20-A EDUCATION·Part 5 POST-SECONDARY EDUCATION·Ch. 428-B FUTURE FOR YOUTH IN MAINE LOAN REPAYMENT PROGRAM
A nonlapsing, interest-earning, revolving fund under the jurisdiction of the authority is created to carry out the purposes of this chapter. The authority may receive, invest and expend, on behalf of the fund, money from gifts, grants, bequests and donations in addition to money appropriated or allocated by the State. Money received by the authority under this chapter must be invested by the authority, as provided by law, with the earned income to be added to the fund. Money in the fund must be used for the designated purposes of the fund and for the payment of administrative costs incurred by the authority for the operation of the program.
Free access — add to your briefcase to read the full text and ask questions with AI
Maine § 20-A §12533 (Nonlapsing fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 2005, c. 427, §1 (NEW).
Nearby Sections
15
§ 20 §1
Department§ 20 §1-A
Department, commissioner§ 20 §1-B
Department; organization§ 20 §101
Appointment; salary§ 20 §1011
Programs established§ 20 §1012
Directors; qualifications; duties§ 20 §1014
Duty of parents; neglect§ 20 §1015
Weapons§ 20 §102
Duties§ 20 §103
Office§ 20 §104
Blanks for school returns§ 20 §105
Appointment of supervisors