20-A §11493. Higher Education Loan Purchase Program - Maine Statutes

Title 20-A: EDUCATION

Part 5: POST-SECONDARY EDUCATION

Chapter 417-F: HIGHER EDUCATION LOAN PURCHASE PROGRAM HEADER: PL 2003, C. 455, §2 (NEW)

§11493. Higher Education Loan Purchase Program

1. Program. The authority is authorized to carry out the program by issuing bonds for the purpose of financing eligible loans and may use any net earnings on those bonds to administer the program, to pay or further secure the bonds and to make eligible loans.

[ 2007, c. 520, §4 (AMD) .]

2. Authorization.

[ 2007, c. 520, §5 (RP) .]

3. Rules. The authority shall adopt rules to implement and administer the program. All rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.

[ 2003, c. 455, §2 (NEW) .]

SECTION HISTORY

2003, c. 455, §2 (NEW). 2007, c. 520, §§4, 5 (AMD).