Maine Revised Statutes

§377. Loans for transportation assistance program

The board or an entity with which the board has contracted to provide financial services pursuant to section 374, subsection 2 may award loans for the purpose of assisting persons with disabilities to purchase used vehicles necessary to obtain or retain employment or employment training, subject to the following limitations. [2015, c. 412, §4 (AMD).]

1. Qualifications of borrower.  A loan may be made under this section only to a qualifying borrower who meets the other requirements of this chapter and who demonstrates a need for a vehicle as part of an individualized plan toward employment developed with a state or community-based organization that provides employment services to persons with disabilities and that is approved by the board.
[ 2003, c. 99, §3 (NEW) .]
2. Limitation on loan amount. 
[ 2005, c. 191, §7 (RP) .]
3. Aggregate amount of loans.  The maximum aggregate amount of loans issued under this section may not exceed 7% of the value of program gross notes receivable.
[ 2005, c. 191, §7 (AMD) .]
4. Repeal. 
[ 2005, c. 191, §7 (RP) .]
SECTION HISTORY
2003, c. 99, §3 (NEW). 2005, c. 191, §7 (AMD). 2015, c. 412, §4 (AMD).