Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 205 - EDUCATION LOANS THROUGH LENDERS PROGRAM
Current through 2024-13, March 27, 2024
Summary: This rule establishes the procedures and standards by which the authority may use the proceeds of tax exempt bonds to make education loans to eligible borrowers through intermediary financial institutions. The authority may enter into agreements with eligible financial institutions which show that they will pass on the benefits of the tax exempt financing to individuals obtaining education loans funded with bond proceeds.
STATUTORY AUTHORITY: 10 MRSA §969-A(14) , PL 1999, c. 443.
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