Maine Statutes
§ 30-A §4942 — Elderly Homeowner Equity Loan Guarantee Fund
1.Creation.
The Elderly Homeowner Equity Loan Guarantee Fund is established under the jurisdiction of the Maine State Housing Authority. As used in this section, the term "fund" means the Elderly Homeowner Equity Loan Guarantee Fund.
2.Sources of fund.
Sources of the fund shall include:
3.Application of fund.
Funds may be applied in the following manner.
4.Accounts within the fund.
The Maine State Housing Authority may divide the fund into separate accounts determined necessary or convenient to accomplish the purposes of this section.
5.Revolving fund.
The fund shall be a nonlapsing, revolving fund. The Maine State Housing Authority shall continuously apply all money in the fund to carry out this section.
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Maine § 30-A §4942 (Elderly Homeowner Equity Loan Guarantee Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1989, c. 581, §18 (NEW).
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