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127th MAINE LEGISLATURE |
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LD 1655 |
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LR 2721(02) |
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An Act To Increase
the Number of Science, Technology, Engineering and Mathematics Professionals
in the State |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Creates new loan program - Finance Authority of Maine |
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| Fiscal Detail
and Notes |
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This legislation
establishes the Maine Science, Technology, Engineering and Mathematics Loan
Program within the Finance Authority of Maine (FAME) to provide loans of up
to $7,500 to eligible students in the fields of science, computer science,
technology, engineering and mathematics.
A fund is established to receive money from gifts, grants, bequests
and donations, in addition to money appropriated or allocated by the
Legislature and any federal funds received by the State for this
purpose. Administration costs of FAME
will be reimbursed from interest received on fund balances. FAME has indicated that it will be able to
implement and administer the program within the provisions established in the
bill. |
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