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126th MAINE LEGISLATURE |
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LD 1093 |
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LR 1674(02) |
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An Act To Clarify
the Criteria of the Health Professions Loan Program as It Affects Physicians
Practicing Neurology-psychiatry |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Current biennium cost increase - Health Professions Loan Program |
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| Fiscal Detail
and Notes |
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Providing that
neurology-psychiatry is an underserved specialty for the purpose of
qualifying for loan forgiveness under the Health Professions Loan Program
administered by the Finance Authority of Maine (FAME) will result in less
money being paid back to the program and thus less being available for new
loans under the program. FAME
estimates the balance in the loan program will be $985,000 as of June 30,
2013. The Finance Authority of Maine
indicates that one participant in this loan program has been determined to be
eligible for loan forgiveness of $65,000 under the provisions of this
legislation. The total impact to the
program will depend on the number of program participants with a
neurology-psychiatry specialty that are determined to be eligible for loan
forgiveness under this measure. |
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