94-457-620 Me. Code R. § 1

Current through 2024-51, December 18, 2024

Section 457-620-1 - DEFINITIONS

A. Certain terms used in this rule, which are defined in the Finance Authority of Maine Act, 10 M.R.S.A. §961et seq., shall have the meanings set forth therein, unless clearly specified otherwise or unless the context clearly indicates otherwise.

B. Defined Terms:

1. "Authority" means the Finance Authority of Maine

2. "Chief Executive Officer" means the chief executive officer of the Authority or a person acting under the supervisory control of the chief executive officer.

3. "Employer" means a Maine-based organization that employs eligible health care providers.

4. "Fund" means the Maine Health Care Provider Loan Repayment Pilot Program Fund established by P.L. 2021, Ch. 483 (Part H, Section H-2), to make loan repayments to eligible program participants to address critical workforce shortages exacerbated by the COVID-19 pandemic, including, but not limited to, the behavioral health and oral care sectors.

5. "Health care provider" means a person licensed and/or certified by the State of Maine as a medical, dental or behavioral health practitioner and performing within the scope of their practice as defined by state law or a person with a professionally recognized medical, dental or behavioral health credential.

6. "Participant" means any individual selected by the Authority who has entered into a loan repayment agreement for participation under the program.

7. "Program" means the Maine Health Care Provider Loan Repayment Pilot Program, established pursuant to P.L. 2021, Ch. 483 (Part H, Section H-1), for certain health care professionals who commit to living and working in Maine for at least three years. The Program is established to make loan repayments to eligible program participants to address critical workforce shortages exacerbated by the COVID-19 pandemic, including, but not limited to, the behavioral health and oral care sectors. Under the program, the Authority shall pay up to $25,000 per year or, in aggregate, the lesser of $75,000 or 50% of the recipient's outstanding loan balance.

94-457 C.M.R. ch. 620, § 1