94-457-319 Me. Code R. § 1

Current through 2024-36, September 4, 2024
Section 457-319-1 - Definitions
A. Reference to Act Definitions. Certain terms used in this rule, which are defined in the Finance Authority of Maine Act, 10 MRSA Section961 and following (the Act), shall have the meanings set forth in the Act, 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 Finance Authority of Maine, or a person acting under the supervisory control of the chief executive officer.
3. "Investment" means a transaction in which an eligible fund receives cash from the authority, subject to the provisions of the program.
4. "Members" means the members of the Finance Authority of Maine.
5. "Program" means the Maine Economic Development Venture Capital Revolving Investment Program governed by this rule.
6. "Program fund" means the Maine Economic Development Venture Capital Revolving Investment Program Fund established by 10 MRSA §1026-N.
7. "Qualifying investment fund" means a private venture capital fund or other investment fund that meets the applicable eligibility criteria of Section 4.

94-457 C.M.R. ch. 319, § 1