Chapter 315 - FAMILY DEVELOPMENT ACCOUNTS PROGRAM

  1. § 457-315-1 - Definitions
  2. § 457-315-2 - Program Implementation
  3. § 457-315-3 - Advisory Committee on Family Development Accounts
  4. § 457-315-4 - Application Procedure and Content
  5. § 457-315-5 - Applicant Eligibility and Assessment
  6. § 457-315-6 - Participating Financial Institutions
  7. § 457-315-7 - Contracts; Fees and Expenses
  8. § 457-315-8 - Continuing Account Holder Eligibility
  9. § 457-315-9 - Eligible Uses of Family Development Accounts
  10. § 457-315-10 - Termination of Accounts
  11. § 457-315-11 - Tax Consequences
  12. § 457-315-12 - Tax Credit Certificates
  13. § 457-315-13 - Appeal
  14. § 457-315-14 - Waiver of Rule
  15. § 457-315-15 - Conflict of Interest

Summary: This rule establishes the procedures and standards applicable to community development organizations which may administer family development accounts.

Notes

EFFECTIVE DATE:
July 6, 1998
AMENDED:
February 2, 2000 - modifying sections 6.A(1) and 6.A(4), adding a new section 12and renumbering sections 12and 13as 13 and 14.
January 19, 2002 - modifying sections 6.A(4), 6.A(5), and 7.B.
NON-SUBSTANTIVE CORRECTIONS:
March 18, 2004 - eliminated a space before a comma on page 4

STATUTORY AUTHORITY: 10 M.R.S.A., §961 et seq., and particularly 10 M.R.S.A. §1075 , et seq., and P.L. 1997, Ch. 518 ("An Act to Establish Family Development Accounts")

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