20-A §12525. Maximum loan repayment; participation
Title 20-A: EDUCATION
Part 5: POST-SECONDARY EDUCATION
Chapter 428-A: MAINE ENGINEERS RECRUITMENT AND RETENTION PROGRAM HEADING: PL 2003, C. 710, §2 (NEW)
§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).