| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 10 MRSA c. 110, sub-c. 11-A is enacted to read: |
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| | | I.BICYCLING ASSISTANCE LOAN PROGRAM |
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| | | §1100-Z.__Bicycling Assistance Loan Program |
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| | | 1.__Program established. The Bicycling Assistance Loan | | Program, referred to in this subchapter as "the program," is | | established within the authority to be administered by the | | authority through approved lenders. The purpose of the program | | is to subsidize interest costs of loans made to eligible | | businesses for the purchase and installation of bicycle racks, | | showers and changing rooms by that entity for its employees. | | The program subsidizes loan interest rates made by approved | | lenders to achieve an effective interest rate to borrowers of | | 0%. |
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| | | 2. Sources of funds.__Payments under the program to approved | | lenders equal to the present value of the total interest costs | | charged to the borrower by the lender over the term of a | | qualifying loan are to be charged by the authority to the Fund | | for a Healthy Maine, as provided in Title 22, section 1511, | | subsection 6.__The authority may not charge payments for loan | | subsidies under this subchapter to the Fund for a Healthy | | Maine unless the authority first determines that sufficient | | funds exist in the Fund for a Healthy Maine to pay the amount | | to be charged. |
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| | | 3.__Rules.__The authority shall adopt rules to implement the | | program.__These rules must include, but are not limited to, | | criteria for determining qualified lenders, eligibility | | requirements for participation in the program by businesses, | | the maximum amount of loan or interest subsidy permitted under | | the program and the maximum term of loans allowed under the | | program.__Rules adopted under this section are major | | substantive rules pursuant to Title 5, chapter 375, subchapter | | 2-A. |
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| | | Sec. 2. 22 MRSA, §1511, sub-§6, ¶¶G and H, as enacted by PL 1999, c. | | 401, Pt. V, §1, are amended to read: |
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| | G. Substance abuse prevention and treatment; and |
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| | | H. Comprehensive school health programs, including | school-based health centers.; and |
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| | | Sec. 3. 22 MRSA §1511, sub-§6, ¶I is enacted to read: |
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