Maine § 30-A §4942 Elderly Homeowner Equity Loan Guarantee Fund

Maine Statutes

§ 30-A §4942 — Elderly Homeowner Equity Loan Guarantee Fund

Maine § 30-A §4942

Title 30-AMUNICIPALITIES AND COUNTIES

Part 2MUNICIPALITIES

Ch. 201HOUSING AUTHORITY

This text of Maine § 30-A §4942 (Elderly Homeowner Equity Loan Guarantee Fund) 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. 30-A, § 30-A §4942 (2026).

Text

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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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.