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125th MAINE LEGISLATURE |
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LD 66 |
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LR 795(01) |
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An Act To Amend
the Laws Governing the Capital Reserve Funds of the Maine Educational Loan
Authority |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Maker of Calais |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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Preliminary
Fiscal Impact Statement |
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Potential contingent liability - General Fund |
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Fiscal Detail
and Notes |
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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. |
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