An Act To Provide Relief to Federal Employees Affected by the Federal Shutdown
Maine Legislature, Session 129, LD 0477
Committee Amendment CA_A_S1 (Senate)

FffiST REGULAR SESSION 
COMMITTEE AMENDMENT "A" to S.P. 141, L.D. 477, Bill, "An Act To 
Provide Relief to Federal Employees Affected by the Federal Shutdown" 
Amend the bill by striking out the title and substituting the following: 
'An Act To Provide Relief to Federal Employees Affected by a Federal Shutdown' 
Amend the bill in the emergency preamble by striking out all of the 3rd paragraph 
(page 1, lines 5 to 7 in L.D.) and inserting the following: 
'Whereas, during a partial shutdown or full shutdown of the Federal Government, 
these federal employees are not paid, regardless of whether they are working, which 
causes enormous stress, both fiscal and emotional, on those employees; and' 
Amend the bill in the emergency preamble in the 4th paragraph in the first line (page 
1, line 8 in L.D.) by striking out the following: "already" 
Amend the bill in section 1 in § 157 in the first paragraph in the last line (page 1, line 
in L.D.) by inserting after the following: ".Ll/ the following: 'Upon the termination of 
the Federal Shutdown Loan Guarantee Program as required by Title 10, section 1100-FF, 
the State Controller shall transfer any funds remaining in the fund to the unappropriated 
surplus of the General Fund.' 
Amend the bill in section 2 in subchapter 13 in §1100-AA in subsection 1 in the 2nd 
line (page 1, line 32 in L.D.) by striking out the following: "the shutdown" and inserting 
the following: 'a shutdown' 
Amend the bill in section 2 in subchapter 13 in §1100-AA in subsection 7 in the first 
paragraph in the last line (page 2, line .16 in L.D.) by striking out the following: "not 
subject to:" and inserting the following: 'insured by the Federal Deposit Insurance 
Corporation or the National Credit Union Administration.' 
Amend the bill in section 2 in sub chapter 13 in § 1100-AA in subsection 7 by striking 
out all of paragraphs A to E (page 2, lines 17 to 24 in L.D.) ' 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" A" to S.P. 141, L.D. 477 
Amend the bill in section 2 in subchapter 13 in §1100-AA by striking out all of 
subsection 11 (page 2, lines 32 and 33 inL.D.) and inserting the following: 
'11. 
Shutdown. 
"Shutdown" means a full or partial shutdown of the Federal 
Government that occurs between February 15, 2019 and December 31, 2019 and that 
lasts longer than 14 consecutive calendar days.' 
Amend the bill in section 2 in sub chapter 13 in § 1100-BB in subsection 2 in the first 
line (page 3, line 6 in L.D.) by striking out the following: "Application process" and 
inserting the following: 'Process' 
Amend the bill in section 2 in subchapter 13 in § 1100-BB in subsection 2 in the 2nd 
line (page 3, line 7 in L.D.) by striking out the following: "mmJy" and inserting the 
following: 'submit a request' 
Amend the bill in section 2 in subchapter 13 in §1100-BB in subsection 2 in the 3rd 
line (page 3, line 8 in L.D.) by striking out the following: "application" and inserting the 
following: 'request to participate' 
Amend the bill in section 2 in subchapter 13 in §1100-CC in subsection 1 in 
paragraph Bin subparagraph (2) in the first line (page 3, line 31 in L.D.) by striking out 
the following: "the shutdown" and inserting the following: 'a shutdown' 
Amend the bill in section 2 in subchapter 13 in § 1100-CC in subsection 1 in 
paragraph B in subparagraph (4) in division (a) in the first line (page 3, line 37 in L.D.) 
by striking out the following: "the shutdown" and inserting the following: 'a shutdown' 
Amend the bill in section 2 in subchapter 13 in §1100-CC in subsection 1 in 
paragraph B in subparagraph (4) in division (b) in the first line (page 3, line 38 in L.D.) 
by striking out the following: "the shutdown" and inserting the following: 'a shutdown' 
Amend the bill in section 2 in subchapter 13 in § 1100-CC by striking out all of 
subsection 3 (page 4, lines 5 to 8 in L.D.) and inserting the following: 
'3. 
Creditworthiness. An eligible financial institution may not use an affected 
employee's creditworthiness as a factor for the purposes of determining eligibility for a 
loan under this subchapter.' 
Amend the bill in section 2 in subchapter 13 in § 1100-CC in subsection 4 in the first 
line (page 4, line 9 in L.D.) by striking out the following: "The" and inserting the 
following: 'Notwithstanding any other law to the contrary, the' 
Amend the bill in section 2 in subchapter 13 in § 1100-CC in subsection 5 in the 2nd 
to last line (page 4, line 30 in L.D.) by striking out the following: "the shutdown" and 
inserting the following: 'a shutdown' 
Amend the bill in section 2 in subchapter 13 in §1100-CC in subsection 6 in the last 
line (page 4, line 37 in L.D.) by inserting after the following: "loans" the following: 'and 
7 
that loan information may be shared with the authority' 
Amend the bill in section 2 in subchapter 13 in §1100-DD in subsection 1 in the 2nd 
line (page 5, line 3 in L.D.) by striking out the following: "210th" and inserting the 
following: '300th' 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" A "to S.P. 141, L.D. 477 
Amend the bill in section 2 in subchapter 13 in §1100-DD in subsection 2 in the 4th 
line (page 5, line 14 in L.D.) by striking out the following: "eligible financial institution" 
and inserting the following: 'authority' 
Amend the bill in section 2 in subchapter 13 in § 1100-DD in subsection 2 in the last 
line (page 5, line 16 in L.D.) by inserting after the following: "program." the following: 
'The authority shall distribute the loan guarantee payment to the eligible financial 
institution.' 
Amend the bill in section 2 in subchapter 13 in § 1100-FF in subsection 1 in the 2nd 
line (page 6, line 5 in L.D.) by striking out the following: "the shutdown" and inserting 
the following: 'a shutdown' 
Amend the bill in section 2 in subchapter 13 in §1100-FF in subsection 1 in the last 
line (page 6, line 6 in L.D.) by striking out the following: "the shutdown" and inserting 
the following: 'a shutdown' 
Amend the bill in section 3 in the 5th line (page 6, line 17 in L.D.) by striking out the 
following: "February 15, 2019" and inserting the following: '14 days following the 
effective date of this Act' 
Amend the bill in section 4 in the 2nd line (page 6, line 21 in L.D.) by inserting after 
the following: "Affairs" the following: ', after consultation with the Joint Standing 
Committee on Health Coverage, Insurance and Financial Services,' 
Amend the bill by striking out all of section 5 and inserting the following: 
'Sec. 5. Appropriations and allocations. The following appropriations and 
allocations are made. 
TREASURER OF STATE, OFFICE OF 
Federal Shutdown Loan Guarantee Program Fund N296 
Initiative: Establishes the Federal Shutdown Loan Guarantee Program Fund with a 
$250,000 transfer from the unappropriated surplus of the General Fund. 
OTHER SPECIAL REVENUE 
FUNDS 
All Other 
OTHER SPECIAL REVENUE 
FUNDS TOTAL 
This amendment: 
2018-19 
2019-20 
$250,000 
$500 
$250,000 
$500 
SUMMARY 
2020-21 
$500 
$500 
1. Amends the definition of "shutdown" to mean a full or partial shutdown of the 
Federal Government between February 15, 2019 and December 31, 2019 that lasts longer 
than 14 days; 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENT" A 
"to S.P. 141, L.D. 477 
2. 
Adds language to require that any unexpended funds be returned to the 
unappropriated surplus of the General Fund upon the termination of the program; 
3. Amends the def mi ti on of a credit union or fmancial institution in good standing to 
mean a credit union or financial institution insured by the Federal Deposit Insurance 
Corporation or the National Credit Union Administration; 
4. Simplifies the process for a credit union or financial institution to participate in the 
program; 
5. Extends the time period for an eligible financial institution to make a claim for a 
loan guarantee from between 180 and 210 days following the end of the grace period to 
between 180 and 300 days following the end of the grace period; 
6. Requires the Treasurer of State to make loan guarantee payments to the Finance 
Authority of Maine, or FAME, instead of the eligible financial institution; 
7. Clarifies that an eligible financial institution may not use an affected employee's 
creditworthiness as a factor to determine eligibility for the program; 
8. 
Clarifies that the terms of the loan agreement under the program apply 
notwithstanding any other state or federal law to the contrary; 
9. Requires that an eligible financial institution disclose that loan information may be 
shared with FAME; 
10. Clarifies that loans may not be made under the program after a shutdown ends; 
11. Requires that the transfer from the unappropriated surplus of the General Fund 
happen no later than 14 days following the effective date of this legislation instead of no 
later than February 15, 2019; 
12. Requires that the Joint Standing Committee on Appropriations and Financial 
Affairs consult with the Joint Standing Committee on Health Coverage, Insurance and 
Financial Services before reporting out any legislation to address funding needs for the 
program; and 
13. Corrects an error in the allocations section of the bill. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved: 02/12/19 feac:.. 
LD477 
LR 2261(02) 
An Act To Provide Relief to Federal Employees Affected by the Federal Shutdown 
Fiscal Note for Bill as Amended by Committee Amendment 1'/»1 
( 5-l) 
Committee: Health Coverage, Insurance and Financial Services 
Net Cost (Savings) 
General Fund 
\ppropriations/ Allocations 
Other Special Revenue Funds 
Transfers 
General Fund 
Other Special Revenue Funds 
Fiscal Detail and Notes 
Fiscal Note Required: Yes 
Fiscal Note 
FY 2018-19 
$250,000 
$250,000 
($250,000) 
$250,000 
FY 2019-20 
$0 
$500 
$0 
$0 
FY 2020-21 
$0 
$500 
$0 
$0 
Projections 
FY 2021-22 
$0 
$500 
$0 
$0 
Projections 
FY 2022-23 
$0 
$500 
$0 
$0 
This bill establishes the Federal Shutdown Loan Guarantee Program Fund (the Fund) within the Office of Treasurer of 
State. The Fund will be used to guarantee the repayment ofup to 10% of the amount of loans made by eligible 
financial institutions to Maine residents who are federal employees going without pay during any full or partial 
government shutdown between February 15, 2019 and December 31, 2019 that lasts longer than 14 days. The bill 
allows loans up to a maximum of the lesser of$5,000 or an individual's most recent monthly after-tax pay reduced by 
any unemployment compensation benefits. Individuals are eligible to apply for up to 3 loans under the program. Given 
that there are approximately 1,200 federal employees residing in Maine and assuming that each receives $5,000 for 
each of 3 loans, the maximum potential liability to the State from this bill is $1,800,000 if every single loan recipient 
defaulted on their loans. However, the actual loan default rate is expected to be quite small, the average amount of 
loans will be less than $5,000 and many may choose not to apply for 3 loans. Accordingly, the bill provides a one-time 
transfer of $250,000 in fiscal year 2018-19 from the unappropriated surplus of the General Fund to the Fund and it 
includes an allocation of $250,000 to the Office of Treasurer of State to allow expenditures from the Fund. If this 
amount is not sufficient to cover the State's liability, additional funding will be required. The bill also includes a $500 
Other Special Revenue Funds allocation beginning in fiscal year 2019-20 to expend any remaining funds from the 
transfer in future years. Administrative costs incutTed by the. Office of Treasurer of State can be absorbed within 
existing budgeted resources. 
LR2261(02) - Fiscal Note - Page 1 of2 
Because this legislation includes a provision that allows the Finance Authority or Maine (FAME) to retain a portion 
of the funds it recovers from loans in default to pay for its costs to administer the loan guarantee program, FAME will 
not require a General Fund appropriation. However, this provision will reduce the amount of funds returned to the 
Federal Shutdown Loan Guarantee Program Fund from the recovery of defaulted loans. 
Any additional costs to the Bureau of Financial Institutions within the Department of Professional and Financial 
Regulation to implement the provisions of this bill are expected to be minor and can be absorbed within existing 
budgeted resources. 
LR2261(02) - Fiscal Note - Page 2 of2