An Act To Transfer the Kim Wallace Adaptive Equipment Loan Program Fund to the Office of the Treasurer of State

Emergency preamble. Whereas,  acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and

Whereas,  the Legislature desires to minimize costs of programs; and

Whereas,  currently, the Kim Wallace Adaptive Equipment Loan Program Fund Board pays monthly fees, which can be eliminated by this Act, for the placement of certain accounts; and

Whereas,  files of the Kim Wallace Adaptive Equipment Loan Program Fund are in the process of transfer from the Finance Authority of Maine to the State; and

Whereas,  in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,

Sec. 1. 10 MRSA §372, sub-§1,  as amended by PL 2015, c. 412, §1, is further amended to read:

Sec. 2. Appropriations and allocations. The following appropriations and allocations are made.

TREASURER OF STATE, OFFICE OF

Kim Wallace Adaptive Equipment Loan Program N315

Initiative: Provides allocation to establish the Kim Wallace Adaptive Equipment Loan Program in the Office of the Treasurer of State to provide loans to qualified borrowers to acquire adaptive equipment.

OTHER SPECIAL REVENUE FUNDS	2019-20	2020-21
All Other	$500	$500
OTHER SPECIAL REVENUE FUNDS TOTAL	$500	$500

Emergency clause. In view of the emergency cited in the preamble, this legislation takes effect when approved.