Maine LD 1549: Kim Wallace Adaptive Equipment Loan Program Fund

Maine

There is established the Kim Wallace Adaptive Equipment Loan Program Fund, which must be used to provide funding for loans to qualified borrowers within the State in order to acquire adaptive equipment designed to assist the borrower in becoming independent and for other purposes as allowed under section 376. The fund must be deposited with,  the Treasurer of State and contain appropriations provided for that purpose, interest accrued on the fund balance, funds received by the program administrator to be applied to the fund and funds received in repayment of loans. This fund is a nonlapsing revolving fund. All money in the fund must be continuously applied to carry out the purposes of this chapter.

State Policies & Initiatives: 
Legislation
Systems: 
  • Other
Topics: 
  • Asset Development / Financial Capability
Other: 
  • State of Maine
Date Enacted: 
03/29/2016
CITATIONS: