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129th MAINE LEGISLATURE |
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LD 1056 |
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LR 1067(02) |
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An Act To Update
and Amend the Finance Authority of Maine Act |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Innovation, Development, Economic
Advancement and Business |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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| Increased loan liability - Finance Authority of Maine |
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| Fiscal Detail
and Notes |
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This legislation
allows the Finance Authority of Maine (FAME) to increase its maximum loan
insurance amount through its Commercial Loan Insurance Program from $7.0
million to $7.5 million per entity.
FAME has indicated that there are sufficient funds in its loan
insurance reserve fund to support the increase. |
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