Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 305 - OIL STORAGE FACILITY AND TANK PROGRAM
Section 457-305-2 - Program Implementation and Assistance Provided

The program shall be administered by and is delegated to, the Chief Executive Officer. The Authority may provide financial assistance either in the form of a direct loan or grant in the amount actually necessary to complete the project up to $600,000 to an eligible borrower. Loans or grants for the purposes stated in subsection 3(A)(3) may not exceed $1,000,000 in a twelve (12) month period. Assistance under this program may be combined, to the extent possible, with assistance under other Authority programs.