Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 322 - MAINE FOOD PROCESSING GRANT PROGRAM
Section 457-322-1 - DEFINITIONS

Universal Citation: 94 ME Code Rules ยง 457-322-1

Current through 2024-38, September 18, 2024

1. "Act" means the Finance Authority of Maine Act.

2. "Agricultural enterprise" means the growing or raising of plants or animals, harvesting plants or growing or obtaining plant or animal by-products, including aquaculture but excluding forestry, as well as the storing or packaging of such products.

3. "Applicant" means any for-profit or not-for-profit business that meets the eligibility requirements set forth in Section 3 and Section 4 of this Rule, and includes a prospective applicant where the context requires.

4. "Authority" means the Finance Authority of Maine.

5. "Chief Executive Officer" means the Authority's Chief Executive Officer or a person acting under the direction of the Chief Executive Officer.

6. "Dairy enterprise" means producing and treating milk and cream, and the manufacture of butter, cheese, and other products processed from milk.

7. "Fishing enterprise" means catching or growing fish, including shellfish, in fresh or salt water, including aquaculture.

8. "Food processor" means an enterprise engaged primarily in changing the form of or adding value to a food product, including packaging, derived from Maine's fishing, agricultural, and dairy enterprises through the application of labor or materials or both.

9. "Grant" means money awarded by the Authority for the limited purposes and pursuant to the terms contained in this Rule.

10. "Grant Recipient" means an eligible enterprise that is awarded a grant.

11. "Members" means the members of the Finance Authority of Maine.

12. "Program" means the Maine Food Processing Grant Program.

13. "Project" means the use to which grant proceeds are to be put, as approved by the Chief Executive Officer, including the purchase, design, construction, expansion or improvement of processing and packaging facilities; and equipment located in Maine and used in connection with food processing. Grant proceeds may not be used for marketing, research and development, or working capital.

14. "State" means the state of Maine.

Disclaimer: These regulations may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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