An Act To Provide Relief To Federal Or State Employees Affected By A Federal Government Or State Government Shutdown

LD 874 establishes a Maine state program to provide financial relief to Maine-resident state and federal employees who lose pay during government shutdowns lasting over 7 days. The bill creates a special fund managed by the Treasurer to guarantee loans made by eligible Maine credit unions or financial institutions to these affected employees. Employees must prove their Maine residency, employment status, and income to qualify for loans covering up to 90 days of lost wages during the shutdown. The state will reimburse lenders for any unpaid loans through the fund, with repayment guaranteed for borrowers during the shutdown period or a 90-day grace period after. This program directly benefits Maine-based government workers facing financial hardship due to federal or state shutdowns.