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writing request the Governor to provide the necessary money. | | Within 30 days of receipt of the request, the Governor shall | | transfer sufficient money to the Underground Oil Storage | | Replacement Fund from the Ground Water Oil Clean-up Fund or the | proceeds of bonds of the State issued pursuant to subsection 2. If | at any time the money in the Overboard Discharge Replacement Fund, | exclusive of any amounts reserved by law or rule for direct loans | pursuant to section 1023-E, subsection 3, is insufficient to meet | the expenses and obligations of the authority incurred pursuant to | section 1026-G, as these expenses and obligations are projected by | the authority to become due and payable, the authority shall | request, in writing, the Governor to provide the necessary money. | Within 30 days of receipt of the request, the Governor shall | transfer sufficient money to the Overboard Discharge Replacement | Fund from the State Contingent Account or the proceeds of bonds of | the State issued pursuant to subsection 2. |
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| | | Sec. 29. 10 MRSA §1026-A, as amended by PL 1993, c. 319, §1, is | | further amended to read: |
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| | | §1026-A. Insurance of loans |
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| | | 1. Insurance. The authority may make commitments and | agreements to insure mortgagemortgage | insurance shall |
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| | A. A mortgage payment may not be applied in a manner that | would, for any one project, increase the percentage of | mortgage payments insured by the authority, except that this | paragraph does not apply when insurance payments for any one | project may not in the aggregate exceed the lesser of 25% of | the original principal amount of the mortgage loan or | | insurance may not exceed: |
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| | (1) In the case of insurance provided pursuant to section | 1026-B, $250,000; | | amount of the loan made to any borrower including | | related entities for any of the following types of | | loans or projects: |
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| | | (a)__Loans to veterans and wartime veterans, | | except that the authority may not at any time | | have, in the aggregate amount of the principal and | | interest outstanding, loan insurance obligations | | pursuant to this division exceeding $5,000,000; |
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| | | (b)__Underground and aboveground oil storage facility projects | | and projects to install equipment related to the improvement of | | air |
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