Section 12541 - DefinitionsAs used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [2007, c. 469, Pt. A, §1(NEW).]
1.Accredited Maine community college, college or university. "Accredited Maine community college, college or university" means an institution that is accredited by a regional accrediting association or by one of the specialized accrediting agencies recognized by the United States Secretary of Education and is: A. Any campus of the Maine Community College System; [2007, c. 469, Pt. A, §1(NEW).]B. Any campus of the University of Maine System; [2007, c. 469, Pt. A, §1(NEW).]C. The Maine Maritime Academy; [2007, c. 469, Pt. A, §1(NEW).]D. Any educational institution that is located in this State and has authorization to confer an associate degree or a bachelor's degree, in accordance with sections 10704 and 10704-A; [2007, c. 469, Pt. A, §1(NEW).]E. Any educational institution that is located in this State and is exempted from chapter 409 under section 10708, subsections 1 and 2; and [2007, c. 469, Pt. A, §1(NEW).]F. Any educational institution that is located in this State and is operating under a certificate of temporary approval from the state board under section 10703, to the extent that a student is ultimately able either to obtain an associate or a bachelor's degree at that institution or to transfer to and obtain a degree from an institution described in paragraphs A to E. [2007, c. 469, Pt. A, §1(NEW).] [2009, c. 553, Pt. A, §1(AMD).]
1-A.Accredited non-Maine community college, college or university.[2021, c. 635, Pt. H, §1(RP).]
2.Benchmark loan payment.[2013, c. 525, §1(RP).]
2-A.Educational cost-of-living adjustment.[2013, c. 525, §2(RP).]
3.Educational institution. "Educational institution" has the same meaning as in section 10701, subsection 3. [2007, c. 469, Pt. A, §1(NEW).]
4.Educational opportunity tax credit.[2021, c. 635, Pt. H, §2(RP).]
4-A.Financial aid package.[2021, c. 635, Pt. H, §3(RP).]
5.Maine resident.[2021, c. 635, Pt. H, §4(RP).]
6.Opportunity contract.[2009, c. 553, Pt. A, §6(RP).]
7.Principal cap.[2013, c. 525, §4(RP).]
8.Qualified employee.[2021, c. 635, Pt. H, §5(RP).]
9.Qualified individual.[2021, c. 635, Pt. H, §6(RP).]
Amended by 2022, c. 635,§ H-6, eff. 4/20/2022.Amended by 2022, c. 635,§ H-5, eff. 4/20/2022.Amended by 2022, c. 635,§ H-4, eff. 4/20/2022.Amended by 2022, c. 635,§ H-3, eff. 4/20/2022.Amended by 2022, c. 635,§ H-2, eff. 4/20/2022.Amended by 2022, c. 635,§ H-1, eff. 4/20/2022.Amended by 2015, c. 300,§ A-4, eff. 7/29/2016.Amended by 2014, c. 525,§ 1 to § 6, eff. 7/31/2014.Amended by 2012, c. 665,§ 1, eff. 8/30/2012.2007, c. 469, Pt. A, §1 (NEW) . 2009, c. 553, Pt. A, §§1-7 (AMD) .