reglab/housing_qa huggingface dataset:
20-A ME Rev Stat § 11444 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11444. Records confidential

 §11444. Records confidential 1.  Confidential information.  Records containing any information acquired by the authority or a member, employee or agent of the authority from applicants for or recipients of financial assistance provided by the Student Financial Aid Supplemental Loan Program are confidential for purposes of Title 1, section 402, subsection 3, paragraph A.   [PL 1991, c. 603, §6 (NEW).] 2.  Wrongful disclosure prohibited.  No member, employee, agent, other representative of the authority or other person may knowingly divulge or disclose records declared confidential by this section, except that the authority may, in its discretion, make or authorize any disclosure of information of the following types or under the following circumstances:   A. Impersonal, statistical or general information;   [PL 1991, c. 603, §6 (NEW).]B. If necessary in connection with processing any application for, obtaining or maintaining financial assistance for any person or in connection with acquiring, maintaining or disposing of property;   [PL 1991, c. 603, §6 (NEW).]C. To a financial institution or credit reporting service;   [PL 1991, c. 603, §6 (NEW).]D. Information necessary to comply with any federal or state law or rule or with any agreement pertaining to financial assistance;   [PL 1991, c. 603, §6 (NEW).]E. Information to the extent the authority determines the disclosure necessary to the sale or transfer of its bonds;   [PL 1991, c. 603, §6 (NEW).]F. If necessary to ensure collection of any obligation in which it has or may have an interest;   [PL 1991, c. 603, §6 (NEW).]G. In any litigation or proceeding in which the authority has appeared, introduction for the record of any information obtained from records declared confidential by this section; and   [PL 1991, c. 603, §6 (NEW).]H. Pursuant to a subpoena, request for production of documents, warrant or other order by competent authority, provided that any such order appears to have first been served on the person to whom confidential information sought pertains or belongs and provided that any such order appears on its face or otherwise to have been issued or made upon lawful authority.   [PL 1991, c. 603, §6 (NEW).][PL 1991, c. 603, §6 (NEW).] SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11446 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11446. Refunding bonds

 §11446. Refunding bonds The authority may provide for issuance of refunding bonds of the authority to refund any outstanding bonds issued under this chapter, including the payment of any redemption premium and any interest accrued or to accrue to the date of redemption, and, if considered advisable by the authority, for any other purpose of the authority. The authority may provide for the issuance of bonds of the authority for the combined purpose of refunding any outstanding bonds, including refunding bonds issued under this chapter. The issuance of the bonds, the maturities and other details, the rights and remedies of the holders and the rights, powers, privileges, duties and obligations of the authority are governed by the provisions of this chapter insofar as they are applicable.   [PL 1991, c. 603, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11447 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11447. Loan transactions

 §11447. Loan transactions The authority may purchase, sell, service, pledge, invest in, hold, trade, accept as collateral or otherwise deal in, acquire or transfer, all on such terms and conditions as the authority may specify, any loan, loan pass-through certificate, pledge, including any pledge of loan revenue, loan participation certificate or other loan-backed or loan-related security. Any such transaction may be conducted by public or private offering, with or without public bidding. In connection with the purchase or sale of a loan or of a beneficial interest or participation in a loan, the authority may enter into one or more agreements providing for the custody, control and administration of the loan. Any such agreement may provide that the authority, a financial institution or other person act as trustor, trustee or custodian under the agreement. Any such agreement may provide that, with respect to loans governed by the agreement, title to a loan, or to a beneficial interest or participation in a loan, is deemed to have been transferred on terms and to the extent specified in that agreement and that the effect of a sale of a beneficial interest or participation in a loan is the same as a sale of a loan. The authority may issue or cause to be issued certificates or other instruments evidencing the holder's fractional interest in a pool of loans, which interest may be undivided or limited to one or more specific loans. Whether or not the certificates or instruments are of such form or character as to be negotiable instruments under Title 11, Article 8, the certificates or instruments are made negotiable instruments within the meaning of and for all purposes of Title 11, Article 8, subject only to such registration requirements as the authority may establish.   [PL 1991, c. 603, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11448 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11448. Trust agreement; pledge

 §11448. Trust agreement; pledge 1.  Trust agreement.  Any bonds issued under this chapter may be secured by a trust agreement by and between any or all of the following: the authority, a participating institution and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the State.   [PL 1991, c. 603, §6 (NEW).] 2.  Pledge.  Any trust agreement may pledge or assign any revenues to be received by the authority or proceeds or benefits of any contract, may serve to convey or mortgage or otherwise secure any property or property rights, may contain provisions for protecting and enforcing the rights and remedies of bondholders, may restrict the individual right of action by bondholders and may contain such other provisions as the authority determines appropriate, including the right to the appointment of a receiver and the right to the issuance of an order of specific performance by a court of competent jurisdiction.   [PL 1991, c. 603, §6 (NEW).] 3.  Education loan program.  Any expense incurred in carrying out the trust agreement may be treated as a part of the cost of the operation of an education loan program.   [PL 1991, c. 603, §6 (NEW).] 4.  Valid and binding.  A pledge by the authority of revenues as security for an issue of bonds is valid and binding from the time when the pledge is made.   The revenues pledged are immediately subject to the lien of the pledge without any physical delivery, recording of any instrument or further act and the lien of any pledge is valid and binding against any person having any claim of any kind in tort, contract or otherwise against the authority or any participating institution or borrower, irrespective of whether the person has notice.   No bond resolution, trust agreement or financing statement, continuation statement or other instrument adopted or entered into by the authority need be filed or recorded in any public record other than the records of the authority in order to perfect the lien against 3rd persons, regardless of any contrary provision of law.   [PL 1991, c. 603, §6 (NEW).] 5.  Trust funds.  All money received by or on behalf of the authority under this chapter, whether as proceeds from the sale of bonds or as revenues, is deemed to be trust funds to be held and applied solely as provided in this chapter.   Any officer with whom, or any bank or trust company with which, that money is deposited shall act as trustee of the money and shall hold and apply it for the purposes provided in the chapter and any applicable bond resolution or trust agreement.   [PL 1991, c. 603, §6 (NEW).] SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11450 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11450. Enforcement of rights and duties

 §11450. Enforcement of rights and duties Except to the extent that the rights are restricted by any applicable bond resolution or trust or other agreement, any holder of bonds issued under this chapter or a trustee under a trust agreement entered into under this chapter may, by any suitable form of legal proceedings, protect and enforce any rights granted under the laws of the State or by any applicable bond resolution or trust or other agreement.   [PL 1991, c. 603, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11451 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11451. Bonds as legal investments

 §11451. Bonds as legal investments Bonds issued by the authority under this chapter are hereby made securities in which all public officers and public bodies of the State and its political subdivisions; insurance companies and associations and other persons carrying on an insurance business; trust companies, banks, bankers, banking associations, savings banks and savings associations, including savings and loan associations; financial institutions; credit unions; building and loan associations; investment companies; executors, administrators, trustees and other fiduciaries; pension, retirement funds and profit-sharing; other persons carrying on a banking business; and all other persons may properly and legally invest funds, including capital in their control or belonging to them. These bonds are hereby made securities that may properly and legally be deposited with and received by any state, municipal or public officer or any agency or political subdivision of the State for any purpose for which the deposit of bonds or other obligations of the State is now or may hereafter be authorized by law.   [PL 1991, c. 603, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11452 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11452. Chapter additional and supplemental

 §11452. Chapter additional and supplemental 1.  In general.  This chapter provides a complete, additional and alternative method for carrying out the functions authorized and is supplemental and additional to, and the limitations imposed by this chapter do not limit or otherwise affect powers or rights conferred by other laws. The issuance of bonds and refunding bonds under this chapter need not comply with the requirements of any other law applicable to the issuance of bonds.   [PL 1991, c. 603, §6 (NEW).] 2.  Institutions of higher education.  Notwithstanding any other provision of law or charter, institutions of higher education may borrow money from the authority, make education loans and take all other actions necessary or convenient to consummate the transactions contemplated under this chapter. The authority may establish, contract for, charge and collect any amount or rate of interest or compensation with respect to authority loans. Participating institutions of higher education may contract for, charge and collect any amount or rate of interest or compensation with respect to education loans. Neither the authority nor any institution of higher education participating in a loan program under this chapter may be subject to any licensing provisions relating to financial institutions or any credit regulations of the State.   [PL 1991, c. 603, §6 (NEW).] SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11453 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11453. Taxable bond option

 §11453. Taxable bond option With respect to all or any portion of any issue of any bonds or any series of bonds that the authority may issue in accordance with the limitations and restrictions of this chapter, the authority may covenant, elect and consent that the interest on the bonds be includable under the code or any subsequent corresponding internal revenue law of the United States in the gross income of the holders of the bonds to the same extent and in the same manner that the interest on bills, bonds, notes or other obligations of the United States is includable in the gross income of the holders under the code or any subsequent law. Bonds issued pursuant to this section are not subject to any limitations or restrictions of any law that may limit the authority's power to issue those bonds. The foregoing grant of power may not be construed as limiting the inherent power of the State or its agencies under any other provision of law to issue debt, the interest on which is includable in the gross income of the holders under the code or any subsequent law.   [PL 1991, c. 603, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11454 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11454. Agreement of the State

 §11454. Agreement of the State The State hereby pledges to and agrees with the holders of any bonds issued under this chapter and with those parties who may enter into any contract with the authority pursuant to this chapter that the State will not limit, alter, restrict or impair the rights vested in the authority and the participating institutions until the bonds, together with interest, including interest on any unpaid installment of interest and all costs and expenses in connection with any actions or proceedings by or on behalf of the bondholders, are fully met and discharged and such contracts are fully performed on the part of the authority. Nothing in this chapter precludes that limitation or alteration if and when adequate provision is made by law for the protection of the holders of bonds of the authority or those entering into contracts with the authority. The authority is authorized to include this pledge and undertaking for the State in those bonds or contracts.   [PL 1991, c. 603, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11455 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11455. Termination of existence of authority

 §11455. Termination of existence of authority No law terminating the Student Financial Aid Supplemental Loan Program may take effect as long as any bonds of the program are outstanding and unpaid without adequate provision for payment having been made.   [PL 1991, c. 6033, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11456 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11456. Act cumulative; no notice required

 §11456. Act cumulative; no notice required Nothing in this chapter may be construed as a restriction or limitation upon any powers that the authority might otherwise have under any laws of this State and this chapter is cumulative of any such powers. Neither the making of contracts nor the issuance of bonds pursuant to this chapter need comply with the requirements of any other state law applicable to the making of contracts, the issuance of bonds or the construction, acquisition or management of any project undertaken pursuant to this chapter. No proceedings, notice or approval is required for the issuance of any bonds or any instrument as security therefor, except as is provided in this chapter or in the code, if applicable.   [PL 1991, c. 603, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11457 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM|20-A §11457. Act liberally construed

 §11457. Act liberally construed This chapter being necessary for the welfare of the State and its inhabitants must be liberally construed so as to effect its purposes.   [PL 1991, c. 603, §6 (NEW).]SECTION HISTORY PL 1991, c. 603, §6 (NEW).
20-A ME Rev Stat § 11441 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: HIGHER EDUCATION LOAN PROGRAM|20-A §11441. Program established (REPEALED)

 §11441. Program established (REPEALED)  SECTION HISTORY PL 1991, c. 612, §3 (NEW). PL 1991, c. 824, Pt. A, §34 (RP).
20-A ME Rev Stat § 11442 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: HIGHER EDUCATION LOAN PROGRAM|20-A §11442. Definitions (REPEALED)

 §11442. Definitions (REPEALED)  SECTION HISTORY PL 1991, c. 612, §3 (NEW). PL 1991, c. 824, Pt. A, §34 (RP).
20-A ME Rev Stat § 11443 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: HIGHER EDUCATION LOAN PROGRAM|20-A §11443. Eligibility (REPEALED)

 §11443. Eligibility (REPEALED)  SECTION HISTORY PL 1991, c. 612, §3 (NEW). PL 1991, c. 824, Pt. A, §34 (RP).
20-A ME Rev Stat § 11444 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: HIGHER EDUCATION LOAN PROGRAM|20-A §11444. Higher Education Loan Program Fund (REPEALED)

 §11444. Higher Education Loan Program Fund (REPEALED)  SECTION HISTORY PL 1991, c. 612, §3 (NEW). PL 1991, c. 824, Pt. A, §34 (RP).
20-A ME Rev Stat § 11445 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-B: HIGHER EDUCATION LOAN PROGRAM|20-A §11445. Loans to minors (REPEALED)

 §11445. Loans to minors (REPEALED)  SECTION HISTORY PL 1991, c. 612, §3 (NEW). PL 1991, c. 824, Pt. A, §34 (RP).
20-A ME Rev Stat § 11458 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-C: HIGHER EDUCATION LOAN AND LOAN INSURANCE PROGRAM|20-A §11458. Program established

 §11458. Program established There is established the Higher Education Loan and Loan Insurance Program, administered by the Finance Authority of Maine, to carry out the purposes of this chapter.   [PL 2013, c. 34, §4 (AMD).]SECTION HISTORY PL 1991, c. 824, §A35 (NEW). PL 2013, c. 34, §4 (AMD).
20-A ME Rev Stat § 11459 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-C: HIGHER EDUCATION LOAN AND LOAN INSURANCE PROGRAM|20-A §11459. Definitions

 §11459. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1991, c. 824, Pt. A, §35 (NEW).]1.  Authority.  "Authority" means the Finance Authority of Maine.   [PL 1991, c. 824, Pt. A, §35 (NEW).] 1-A.  Consolidation loan.  "Consolidation loan" means a loan under this chapter to or for the benefit of an individual made for the purpose of refinancing education loans that, when made, were made to or for the benefit of a student then enrolled in an eligible program of study at an institution of higher education that meets the other requirements of this chapter.   [PL 2015, c. 103, §1 (NEW).] 1-B.  Education loan.  "Education loan" means a loan made by the Federal Government under the federal Higher Education Act of 1965, 20 United States Code, Chapter 28, Title IV, Part B, as amended, or a loan made by a regulated financial institution for the express purpose of financing the costs of higher education under a program designed solely for such purposes.   [PL 2015, c. 103, §1 (NEW).] 2.  Eligible program of study.  "Eligible program of study" means a certificate program of at least one year, an associate degree program, a baccalaureate degree program or a graduate degree program.   [PL 1991, c. 824, Pt. A, §35 (NEW).] 3.  Institution of higher education.  "Institution of higher education" means an accredited institution of higher education located within the United States.   [PL 1991, c. 824, Pt. A, §35 (NEW).] 3-A.  Student loan.  "Student loan" means a loan under this chapter to or for the benefit of a student enrolled or to be enrolled in an eligible program of study at an institution of higher education that meets the other requirements of this chapter.   [PL 2015, c. 103, §1 (NEW).] 4.  Unmet need.  "Unmet need" means the difference between the total cost of attendance for an academic year at an institution of higher education and the total of all sources of financial assistance, including loans, grants, work-study programs and all other available sources, as determined by the authority by rules adopted in accordance with Title 5, chapter 375.   [PL 1991, c. 824, Pt. A, §35 (NEW).] SECTION HISTORY PL 1991, c. 824, §A35 (NEW). PL 2015, c. 103, §1 (AMD).
20-A ME Rev Stat § 11460 (2021)
2021 Maine Revised Statutes|TITLE 20-A: EDUCATION|Part 5: POST-SECONDARY EDUCATION|Chapter 417-C: HIGHER EDUCATION LOAN AND LOAN INSURANCE PROGRAM|20-A §11460. Eligibility

 §11460. Eligibility Loans made or insured under this chapter must be either student loans or consolidation loans. Loans made or insured under this chapter are available only to or for the benefit of a resident of the State or an individual attending an institution of higher education in the State who:   [PL 2015, c. 103, §2 (AMD).]1.  Graduated.  For a student loan, has graduated from an approved secondary school, matriculated at a postsecondary school prior to high school graduation or successfully completed a high school equivalency diploma or its equivalent;   [PL 2015, c. 103, §2 (AMD).] 2.  Accepted.  For a student loan, has been accepted for enrollment as an undergraduate or graduate student or is in good standing as an undergraduate or graduate student at an institution of higher education in an eligible program of study;   [PL 2015, c. 103, §2 (AMD).] 3.  Application.  Has applied for a loan under the program and has provided or caused to be provided all information determined necessary by the authority in order to determine eligibility;   [PL 2013, c. 34, §5 (AMD).] 4.  Unmet need.  For a student loan, has been determined by the authority to have an unmet need for financial assistance that, if not met, will prevent the student from attending the institution of higher education of that student's choice;   [PL 2015, c. 103, §2 (AMD).] 5.  Residency.  Meets the state residency or, for a student loan, school attendance requirements that may be established by the authority by rule;   [PL 2015, c. 103, §2 (AMD).] 6.  Loan repayment.  Has been determined by the authority to have a reasonable prospect of being able to repay the loan. In appropriate cases, the authority may allow repayments to be deferred and subordinated to repayment of other student loans for such period of time as may be necessary for the borrower to be able to afford to repay the loan; and   [PL 1991, c. 824, Pt. A, §35 (NEW).] 7.  Minimum academic progress.  For a student loan, is making satisfactory academic progress in accordance with the standards of that institution of higher education.   [PL 2015, c. 103, §2 (AMD).] SECTION HISTORY PL 1991, c. 824, §A35 (NEW). PL 2013, c. 34, §5 (AMD). PL 2015, c. 103, §2 (AMD).