125th MAINE LEGISLATURE
LD 66 LR 795(01)
An Act To Amend the Laws Governing the Capital Reserve Funds of the Maine Educational Loan Authority
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Maker of Calais
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Potential contingent liability - General Fund
Fiscal Detail and Notes
Removing the language that sunsets the Maine Educational Loan Authority's authority to create or establish a capital reserve fund will extend the pledge of the moral obligation of the State for student loan bonds beyond June 30, 2011.