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maintained and administered by the Finance Authority of Maine or | other state agency and contain appropriations provided for that | purpose, interest accrued on the fund balance, funds received by | the board 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. |
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| | Sec. 2. 10 MRSA §374, sub-§3, as amended by PL 1999, c. 731, Pt. FF, | §6, is further amended to read: |
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| | 3. Administer loan program. The board shall administer the | Kim Wallace Adaptive Equipment Loan Program Fund established by | this chapter and may contract with the Finance Authority of Maine | and state or community-based groups dealing with disabled persons | for such assistance in administering the program as the board may | require. The board may employ persons, including private legal | counsel and financial experts, on either a temporary or permanent | basis,__in order to carry out any of its powers and duties.__ | Employees of the board are not subject to Title 5, chapter 71 and | Title 5, chapter 372, subchapter 2. |
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| | Sec. 3. 10 MRSA §374, sub-§4, ¶C, as enacted by PL 1997, c. 489, §2, | is repealed. |
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| | Sec. 4. 10 MRSA §374, sub-§4, ¶D is enacted to read: |
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| D.__Loan applications may be approved or denied by the board | only at a regular or special meeting except as follows: |
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| (1)__Approval of applications for loans may be | delegated by the board to a subcommittee of the board | containing at least 5 members if an applicant would | suffer undue hardship by waiting for the next regular | meeting; or |
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| (2)__Approval of applications for loans may be | delegated to outside contractors with criteria and | terms as provided by the board and approved no less | than annually. |
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| All approved loans must be ratified by the board at the | board's next regular or special meeting.__All loans | recommended for denial by the delegated authority must be | acted upon by the board at the board's next regular or | special meeting. |
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| | Sec. 5. 10 MRSA §375, sub-§1, as enacted by PL 1987, c. 817, §2, is | amended to read: |
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