| | | 1. Insurance. The authority may make commitments and | agreements to insure mortgage loan payments. Any mortgage loan | insurance shall must be subject to the following: |
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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 Loan | | insurance may not exceed: |
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| | (1) In the case of insurance provided pursuant to section | 1026-B, $250,000; One hundred percent of the principal | | 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 | | quality pursuant to requirements for gasoline | | service station vapor control and petroleum | | liquids transfer vapor recovery, 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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| | | (c)__Clean fuel vehicle projects, 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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| | | (d)__Waste oil disposal site clean-up projects, | | 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 $1,000,000; or |
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| | | (e)__The Plymouth waste oil remedial study, except that the | | authority may not at any time have, in the aggregate amount of | | the principal and interest |
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