Section 178-501-3 - Loan Fund AdministrationA. The fund administrator shall maintain and invest the fund as provided in Section 372 of the Act, and shall report periodically to the board regarding fund activity and the balance of the fund.B. The fund shall grow from interest on investments, appropriations, interest on loan payments, grants, endowments and gifts. The fund shall be used to make direct loans and cover costs and expenses associated with maintaining, servicing and administering the fund.C. The fund may be used to compensate members of the board for expenses incurred as provided by 5 M.R.S.A chapter 379.D. The fund administrator shall make disbursements from the fund for permitted purposes to the financial services provider upon request of the financial services provider and as mutually agreed between the board, the fund administrator and the financial services provider.94- 178 C.M.R. ch. 501, § 3