Sec. D-1. 20-A MRSA c. 428-B is enacted to read:

CHAPTER 428-B

MAINE RECRUITMENT AND RETENTION PROGRAM

§12531. Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1.__Authority. "Authority" means the Finance Authority of Maine.

2.__Chief executive officer. "Chief executive officer" means the Chief Executive Officer of the Finance Authority of Maine.

3.__Eligible employment position. "Eligible employment position" means a full-time position of employment that requires at a minimum a bachelor's degree with an employer located in this State.

4.__Eligible individual. "Eligible individual" means a person who holds a bachelor's degree.

5.__Program. "Program" means the Maine Recruitment and Retention Program established in section 12532.

6.__Workforce Cabinet.__"Workforce Cabinet" means the group appointed by the Governor to study and make recommendations regarding workforce policy.

§12532.__Maine Recruitment and Retention Program

The Maine Recruitment and Retention Program is established to provide assistance to Maine employers seeking to recruit individuals for full-time employment in this State by providing financial assistance to eligible individuals who fill such positions.

§12533.__Eligibility requirements

1.__Eligible positions.__The chief executive officer with the advice of the Workforce Cabinet shall, by rule, identify eligible employment positions.

2.__Program loan repayment agreement. A program loan repayment agreement may be given only to an individual who is