An Act To Increase the Number of Science, Technology, Engineering and Mathematics Professionals in Maine
Maine Legislature, Session 127, LD 1360
Committee Amendment CA_A_S243 (Senate)

COMMITTEE AMENDMENT" A " to S.P. 493, L.D. 1360, Bill, "An Act To 
Increase the Number of Science, Technology, Engineering and Mathematics 
Professionals in Maine" 
Amend the bill in section 1 in chapter 439 by striking out all of the 3rd line (page 1, 
line 5 in L.D.) and inserting the following: 'LOAN PROGRAM' 
Amend the bilI in section 1 in § 12921 in subsection 4 in the first line (page 1, line 14 
in L.D.) by inserting after the following; "means" the following: 'a high school senior or' 
Amend the bill in section 1 in § 12922 in the first indented paragraph in the last line 
(page 1, line 25 in L.D.) by striking out the following: 
"4 years" and inserting the 
following: '5 years' 
Amend the bilI in section 1 in § 12922 in subsection 3 by striking out all of 
paragraphs A and B (page 2, lines 3 to 5 in L.D.) and inserting the following; 
'A, Does not remain in or return to the State to live and work.' 
Amend the bill by inserting after section 1 the following; 
'Sec. 2. Contingent funding. The Finance Authority of Maine may not provide 
any loans in fiscal year 2015-16 from state funds appropriated or allocated to the Maine 
Science, Technology, Engineering and Mathematics Loan Program pursuant to section 3 
unless legislation is enacted during the First Regular Session of the 127th Legislature 
that: 
1. Appropriates funds for the General Purpose Aid for Local Schools program for 
fiscal year 2015-16 resulting in a total General Fund appropriation for the General 
Purpose Aid for Local Schools program of at least $40,199,613 beyond the baseline 
budget amount in fiscal year 2015-16; and 
2. Appropriates funds for the Maine Community College System for fiscal years 
2015-16 and 2016-17 resulting in a total General Fund appropriation for the Maine 
Community College System of at least $6,000,000 beyond the baseline budget amounts in 
fiscal year 2015-16 and fiscal year 2016-17.' 
Page I - 127LR0819(02)-1 
COMMITTEE AMENDMENT 
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COMMITTEE AMENDMENT" A .. to S.P. 493, L.D. 1360 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or 
section number to read consecutively. 
SUMMARY 
This amendment strikes a reference to a loan repayment program from the title of the 
chapter of law proposed to be enacted in the bill. The amendment also adds high school 
seniors to the definition of "STEM student." The amendment changes the maximum loan 
term from 4 years to 5 years and strikes a reference to 8% loans being available to 
students who, upon graduation, are not employed in the field of science, technology, 
engineering and mathematics. 
Finally, the amendment adds a contingency funding provision that prohibits the 
Finance Authority of Maine from providing loans through the Maine Science, 
Technology, Engineering and Mathematics Loan Program in fiscal year 2015-16 unless 
legislation is enacted during the First Regular Session of the 127th Legislature that 
provides additional funding for the General Purpose Aid for Local Schools program for 
fiscal year 2015-16 and for the Maine Community College System for fiscal year 2015-
and fiscal year 2016-17. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 06108/15 
;WaC! 
LD 1360 
LR 819(02) 
An Act To Increase the Number of Science, Technology, Engineering and Mathematics Professionals 
in Maine 
Fiscal Note for Bill as Amended by Committee Amendment ,.~.!'(S-JLj3) 
Committee: Education and Cultural Affairs 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2015-16 
FY 2016-17 
Projections 
FY 2017-18 
Projections 
FY 2018-19 
Net Cost (Savings) 
General Fund 
\.ppropriations/ Allocations 
General Fund 
Fiscal Detail and Notes 
$10,000,000 
$10,000,000 
$0 
$0 
$0 
$0 
$0 
$0 
This bill establishes the Maine Science, Technology, Engineering and Mathematics Loan Program within the Finance 
Authority of Maine (FAME) and provides a one-time General Fund appropriation of$10,000,000 in fiscal yea~2015-
to capitalize a newly created Maine Science, Technology, Engineering and Mathematics Loan Fund within FAME 
to provide loans to students pursuing undergraduate and graduate degrees in the fields of science, computer science, 
technology, engineering and mathematics. 
This legislation makes the implementation of the loan program contingent upon an additional $40,199,613 being 
appropriated in fiscal year 2015-16 to the General Purpose Aid for Local Schools program within the Department of 
Education and an additional $2,000,000 in fiscal year 2015-16 and $4,000,000 in fiscal year 2016-17 being 
appropriated to the Maine Community College System as part ofLD 1019, the 2016-2107 biennial budget. Before 
final enactment in the Senate, this bill will be placed on the Special Appropriations Table to await final legislative 
actions on the budget, when it will be known whether or not the contingency requirements in this bill have been met 
and if this legislation can move forward. 
This legislation also provides that interest earnings from the fund may be used to cover the expenses incurred by 
FAME to administer the program and the fund. FAME has indicated that this provision will allow for sufficient 
resources to cover the administrative costs and no additional General Fund appropriations will be required. 
LR0819(02) - Fiscal Note - Page 1 of 1