Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 311 - ECONOMIC RECOVERY PROGRAM
Section 457-311-2 - Program Implementation and Assistance Provided

Universal Citation: 94 ME Code Rules ยง 457-311-2
Current through 2024-13, March 27, 2024

The program shall be administered by and is delegated to, the chief executive officer, except to the extent that any proposed liability under this program pertaining to a single borrower or borrowers in common ownership exceeds $500,000 or when proposed liability under this program to such borrower or borrowers, in combination with liability under the Authority's Loan Insurance Program exceeds $1,000,000. The Authority may provide financial assistance of up to $1,000,000 to an eligible borrower on such terms and conditions as the chief executive officer may require or approve. Assistance under this program may be combined, to the extent possible, with assistance under other Authority programs.

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