An Act to Amend the Laws Governing the Foreign Credentialing and Skills Recogmt10n Revolvmg Loan Program
Maine Legislature, Session 131, LD 1169
Committee Amendment CA_B_H158 (House)
Amends: 10 MRSA §1100-A

COMMITTEE AMENDivffiNT '\.B" to HP 741, L.D 1169, "An Act to Amend the 
Laws Governing the Foreign Credentialing and Skills Recogmt10n Revolvmg Loan 
Program" 
Amend the bill by striking out everything after the enacting clause and msertmg the 
following 
'Sec. 1. 10 MRSA §1100-AA, sub-§9, 1A, as co11ected by RR 2019, c 2, Pt A, 
§ 13, is amended to read 
A A loan to any mdiv1dual for eligible costs may not exceed ~ 
$2,000, but this 
hmit may be adjusted upward at least biannually by the authority to reflect inflation or 
cost of living or other necessary adjustments 
Sec. 2. 10 MRSA §1100-AA, sub-§9, ,re, as enacted by PL 2019, c 447, §1, is 
amended by amendmg subparagraph (2) to read 
(2) Repayment of a loan may not be required until at least 60 days 6 months after 
the rec1p1ent of the loan has obtamed a v1ork permit, e*cept that, 1fthe recipient of 
the loan has obtained a work permit but has not obtamod employment, repayment 
may not be required until at least 3 0 days afte1 tho roo1p1ent has obtained 
employment as long as the recipient is 1n compliance with not mehgible fm 
assistance under the prov1S1ons of Title 22, section 4316-A ' 
Amend the bill by relettermg or renumbering any nonconsecutive Part letter or section 
number to read consecutively 
SUMMARY 
This amendment replaces the bill The amendment mcreases the maximum loan to an 
mdividual under the Foreign Credentialmg and Skills Recogmtion Revolving Loan 
COMMITTEE AMENDMENT 
COMMITTEE AMENDMENr "/3';; to HP 741, L D 1169 
Program from $700 to $2,000 and provides that a recipient may not be reqmred to iepay 
the loan until at least 6 months after the rec1p1ent has obtamed employment 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
Approved 04/27/23 ~ae:.. 
I 
LD 1169 
LR 614(02) 
An Act to Amend the Laws Governing the Foreign Credentialing and Skills Recognition Revolving 
Loan Program 
Fiscal Note for Bill as Amended by Committee Amendment :/I• ( JI-/53' \ 
Committee: Innovation, Development, Economic Advancement and Business 
/ 
Fiscal Note Required: Yes 
Fiscal Note 
Increases amount of mterest-free loan - Fmance Authority of Mame 
Fiscal Detail and Notes 
Public Law 2019, chapter 447 established the Foreign Credentialmg and Skills Recogmt10n Revolvmg Loan Program, 
administered by the Finance Authority of Mame (FAME) to provide mterest-free loans of up to $700 to eligible 
11nm1grants who need assistance while awaitmg federal employment authonzat10n The loan program has received 
General Fund appropnat10ns of $75,000 per year smce fiscal year 2019-20 and Pubhc Law 2023, chapter 17 contmues 
the annual appropnatlons through the 2024-2025 bienmum Accordmg to FAME, only one $700 loan has been 
requested and issued smce the program began and the program fund currently has an unspent balance of $300,000 
This bill proposes to increase the maximum loan amount available to qualified applicants from $700 to $2,000 and 
extends the loan repayment penod from 60 days to 6 months Given the unspent balance m the program fund and 
General Fund appropnat1ons mcluded m Pubhc Law 2023, chapter 17, no add1t10nal fundmg to support the grant 
program will be reqmred through the 2024-2025 b1enmum 
LR0614(02) - Fiscal Note - Page 1 of 1