Maine § 1100-II. - Government Shutdown Loan Guarantee Program established
Full text of Maine Maine Revised Statutes § 1100-II. — Government Shutdown Loan Guarantee Program established, with citation guidance and answers to common questions.
§ 1100-II.. Government Shutdown Loan Guarantee Program established
1. Establishment; purpose. The Government Shutdown Loan Guarantee Program is established within and administered by the authority. The authority shall guarantee the repayment of loans made by an eligible financial institution to an eligible affected employee pursuant to section 1100‑JJ. The authority shall submit all approved claims pursuant to section 1100‑KK to the Treasurer of State, who shall pay from the Government Shutdown Loan Guarantee Program Fund, established in Title 5, section 160, any claims submitted by the authority pursuant to the program.
2. Process for credit unions and financial institutions. A credit union or financial institution may submit a request to the bureau to participate in the program. Not later than 5 business days after receiving the request to participate, the bureau shall determine whether the credit union or financial institution is an eligible financial institution and immediately notify the credit union or financial institution and the authority of that determination. An eligible financial institution may make loans to an eligible affected employee in accordance with section 1100‑JJ.
3. Notification of loan and borrower information. An eligible financial institution that makes a loan to an eligible affected employee pursuant to section 1100‑JJ shall notify the authority in writing not later than 5 business days after making the loan, specifying such information about the eligible affected employee borrower as the authority may request.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 1100-II.
What does Maine Revised Statutes § 1100-II. cover?
Section 1100-II. ("Government Shutdown Loan Guarantee Program established") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 1100-II.?
A common citation format is "Maine Revised Statutes § 1100-II." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 1100-II. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.