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Session Laws, 1988
Volume 770, Page 2517   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                    Ch. 246

(1) May not be used to supplant funds of any other
program; and

(2) May not exceed the amount necessary to reimburse
50 persons a year.

SUBTITLE 16. LOAN ASSISTANCE REPAYMENT PROGRAM

16-1601.

(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B) (1) "ELIGIBLE EMPLOYMENT" MEANS BEING EMPLOYED IN THE
STATE BY AN ORGANIZATION, INSTITUTION, ASSOCIATION, SOCIETY, OR
CORPORATION THAT IS EXEMPT FROM TAXATION UNDER § 501 (C)(3) OR (4)
OF THE INTERNAL REVENUE CODE OF 1986
.-----------------------------

(2) "ELIGIBLE EMPLOYMENT" INCLUDES BEING EMPLOYED BY
THE STATE OR ANY LOCAL GOVERNMENT IN THE STATE, BUT DOES NOT
INCLUDE BEING EMPLOYED AS A JUDICIAL CLERK IN ANY COURT.

(C) "HIGHER EDUCATION LOAN" MEANS ANY LOAN FOR
UNDERGRADUATE OR GRADUATE STUDY THAT IS OBTAINED FROM A COLLECT
OR UNIVERSITY OR FROM AN ELIGIBLE LENDER UNDER THE GUARANTEED
LOAN PROGRAM.

18-1602.

(A) THERE IS A PROGRAM OF A LOAN ASSISTANCE REPAYMENT IN

THE STATE.

(B) THE STATE SCHOLARSHIP ADMINISTRATION SHALL ASSIST IN
THE REPAYMENT OF THE AMOUNT OF ANY HIGHER EDUCATION LOAN OWED BY
AN INDIVIDUAL WHO:

(1) RECEIVES A GRADUATE, PROFESSIONAL, OR

UNDERGRADUATE DEGREE FROM A COLLEGE OR UNIVERSITY IN THE STATE OF
MARYLAND;
---------------------------------------------------------

(2) OBTAINS ELIGIBLE EMPLOYMENT;

(3) RECEIVES AN INCOME THAT IS LESS THAN THE MAXIMUM

ELIGIBLE TOTAL INCOME LEVELS ESTABLISHED BY THE ADMINISTRATION,
INCLUDING ANY ADDITIONAL SOURCES OF INCOME; AND---------------

(4) SATISFIES ANY OTHER CRITERIA ESTABLISHED BY THE
ADMINISTRATION.

18-1603.

(A) THE STATE SCHOLARSHIP ADMINISTRATION SHALL ADOPT
REGULATIONS TO ESTABLISH:

- 2517 -

 

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Session Laws, 1988
Volume 770, Page 2517   View pdf image
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