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PUBLIC LAWS OF MAINE
First Regular Session of the 121st

CHAPTER 168
H.P. 1049 - L.D. 1430

An Act To Improve Farmer Participation in the Agricultural Marketing Loan Fund

Be it enacted by the People of the State of Maine as follows:

     Sec. 1. 7 MRSA §435, sub-§2, ¶¶A and B, as enacted by PL 1995, c. 658, §1, are amended to read:

     Sec. 2. 7 MRSA §435, sub-§2, ¶I is enacted to read:

     Sec. 3. 7 MRSA §435, sub-§4, as enacted by PL 1995, c. 658, §1, is amended to read:

     4. Administrative costs. The commissioner may establish, by rule, a fee for administrative costs on loans in excess of $50,000 $100,000. This fee may not exceed 1% of the loan. The commissioner may contract with the Finance Authority of Maine to assist in the administration of this subchapter.

Effective September 13, 2003, unless otherwise indicated.

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