This bill increases the combined amount that the Finance Authority of Maine may have in its Loan Insurance Reserve and Finance Authority of Maine Mortgage Insurance Fund from $50,000,000 to $65,000,000 and still receive a statutory transfer from the General Fund. Below this amount, a transfer of up to $1,000,000 from the unappropriated surplus of the General Fund is allowed under certain circumstances.

Statutes affected:
Bill Text LD 1208, SP 497: 5.1511