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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 20-A: EDUCATION
Chapter 428-A: MAINE ENGINEERS RECRUITMENT AND RETENTION PROGRAM
20-A §12525. Maximum loan repayment; participation
Universal Citation:
20-A ME Rev Stat § 12525 (2011 through 125th Legis)
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Part 5: POST-SECONDARY EDUCATION
§12525. Maximum loan repayment; participation
The maximum program loan repayment amount available to each eligible individual, excluding the employer's match under section 12526, is $2,500 per year, for a maximum of 4 years. No more than 10 program loan repayment agreements may be awarded in any year. The authority may not award more than 40% of the program loan repayment agreements in any one year to individuals who are eligible under the provisions of section 12521, subsection 5, paragraph B. [2003, c. 710, §2 (NEW).]
SECTION HISTORY
2003, c. 710, §2 (NEW).
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