Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 312 - INTERMEDIARY RELENDING PROGRAM
Section 457-312-2 - Program Implementation and Assistance Provided
Universal Citation: 94 ME Code Rules ยง 457-312-2
Current through 2024-38, September 18, 2024
The program shall be administered by and is delegated to the chief executive officer. The Authority may provide financial assistance in the form of a direct loan in the amount of up to 75% of the total project cost as set forth in the application, up to $250,000, 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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