10 §374. Duties of board
Title 10: COMMERCE AND TRADE
Part 1: GENERAL PROVISIONS
Chapter 11: KIM WALLACE ADAPTIVE EQUIPMENT LOAN PROGRAM HEADING: PL 1987, C. 817, §2 (NEW); PL 1999, C. 731, PT. FF, §2 (RPR)
§374. Duties of board
The board shall have the following powers and duties.
1. Receipt of money and property. The board may accept and receive gifts, grants, bequests or devises from any source, including funds from the Federal Government or any of its political subdivisions.
[ 1987, c. 817, §2 (NEW) .]
2. Contracts. The board may, with the approval of the Governor, enter into any necessary contracts and agreements with appropriate state or community-based groups dealing with disabled persons.
[ 1987, c. 817, §2 (NEW) .]
3. Administer loan program. The board shall administer the Kim Wallace Adaptive Equipment Loan Program Fund established by this chapter and may contract with the Finance Authority of Maine and state or community-based groups dealing with disabled persons for such assistance in administering the program as the board may require. The board may employ persons, including private legal counsel and financial experts, on either a temporary or permanent basis, in order to carry out any of its powers and duties. Employees of the board are not subject to Title 5, chapter 71 and Title 5, chapter 372, subchapter 2.
[ 2005, c. 191, §2 (AMD) .]
4. Rules. The board may adopt rules to carry out the purposes of this chapter. Rules adopted pursuant to this subsection are routine technical rules as defined by Title 5, chapter 375, subchapter II-A. The rules must ensure that:
A. Individuals and business entities are eligible for loans; [1997, c. 489, §2 (NEW).]
B. A preference is given for loans to qualifying individual borrowers seeking loans to acquire adaptive equipment for personal, family or household purposes; and [1997, c. 489, §2 (NEW).]
C. [2005, c. 191, §3 (RP).]
D. Loan applications may be approved or denied by the board only at a regular or special meeting except as follows:
(1) Approval of applications for loans may be delegated by the board to a subcommittee of the board containing at least 5 members if an applicant would suffer undue hardship by waiting for the next regular meeting; or
(2) Approval of applications for loans may be delegated to outside contractors with criteria and terms as provided by the board and approved no less than annually.
All approved loans must be ratified by the board at the board's next regular or special meeting. All loans recommended for denial by the delegated authority must be acted upon by the board at the board's next regular or special meeting. [2005, c. 191, §4 (NEW).]
[ 2005, c. 191, §§3, 4 (AMD) .]
SECTION HISTORY
1987, c. 817, §2 (NEW). 1987, c. 817, §2 (NEW). 1997, c. 489, §2 (AMD). 1999, c. 731, §FF6 (AMD). 2005, c. 191, §§2-4 (AMD).