Maine § 20-A §12542 Program established

Maine Statutes

§ 20-A §12542 — Program established

Maine·Title 20-A EDUCATION·Part 5 POST-SECONDARY EDUCATION·Ch. 428-C JOB CREATION THROUGH EDUCATIONAL OPPORTUNITY PROGRAM

1.Program created; goals. The Job Creation Through Educational Opportunity Program, referred to in this chapter as "the program," is created to provide a student loan repayment tax credit. The program is designed to achieve the following goals:

2.Principal cap. 2-A. Principal cap.

3.Eligibility for the program. 3-A. Educational loans.

4.Administration. 4-A. Administration. The program must be administered as described in this subsection.

5.Effective date; participation by individual already enrolled in degree program.

6.Promotion by state agencies. The department, the Finance Authority of Maine, the Department of Economic and Community Development and any other agency engaging in education-related outreach shall integrate promotion of the program into existing educational opportunity

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1.
Program created; goals.
The Job Creation Through Educational Opportunity Program, referred to in this chapter as "the program," is created to provide a student loan repayment tax credit. The program is designed to achieve the following goals:
2.
Principal cap.
2-A.
Principal cap.
3.
Eligibility for the program.
3-A.
Educational loans.
4.
Administration.
4-A.
Administration.
The program must be administered as described in this subsection.
5.
Effective date; participation by individual already enrolled in degree program.
6.
Promotion by state agencies.
The department, the Finance Authority of Maine, the Department of Economic and Community Development and any other agency engaging in education-related outreach shall integrate promotion of the program into existing educational opportunity outreach efforts to the extent possible in a manner consistent with the scope of the program and its centrality to the State's efforts to raise educational attainment.
7.
Promotion by institutions.
Public higher education institutions identified in section 12541, subsection 1, paragraphs A to C shall make reasonable efforts to inform students about the program.
8.
Publicity.
To assist institutions of higher education to promote the program, the Finance Authority of Maine shall contract with a private nonprofit corporation in the amount of at least $20,000 annually to market the program throughout the State, targeting high schools, postsecondary educational institutions and organizations of parents, teachers and other relevant audiences. Marketing efforts must include printed materials, online information and in-person promotional efforts.

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Legislative History

PL 2007, c. 469, Pt. A, §1 (NEW). PL 2009, c. 553, Pt. A, §§8-15 (AMD). PL 2011, c. 548, §7 (AMD). PL 2011, c. 665, §§2-4 (AMD). PL 2013, c. 417, §§1, 2 (AMD). PL 2013, c. 525, §§7-13 (AMD). PL 2017, c. 110, §5 (AMD). PL 2021, c. 635, Pt. H, §§7-9 (AMD).