| | | In addition to and without limiting this subsection, "eligible | project" or "eligible collateral"or | collateral | | revenue obligation securities would result in the interest on the | | revenue obligation securities qualifying, as of the date of | | issuance, as tax-exempt under the United States Code, Title 26, | | Section 103, as amended. |
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| | | Sec. 5. 10 MRSA §963-A, sub-§15, as enacted by PL 1985, c. 344, §7, is | | amended to read: |
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| | | 15. Facility. "Facility" means an eligible project or any | eligible collateral |
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| | | Sec. 6. 10 MRSA §963-A, sub-§27, as enacted by PL 1985, c. 344, §7, is | | amended to read: |
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| | | 27. Loan. "Loan" or "mortgage loan" | | credit made in consideration of a written promise of repayment or | any other conditions which | | authority, performance of which may be secured by mortgage. |
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| | | Sec. 7. 10 MRSA §963-A, sub-§27-A, as enacted by PL 1993, c. 460, §2, | | is amended to read: |
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| | | 27-A. Loan insurance agreement. "Loan insurance agreement, | "mortgage insurance agreement" or "mortgage insurance contract" | | means an agreement pursuant to which the authority insures | payment of a mortgagechapter 110,II | | 2, and also means an agreement pursuant to which the authority | | insures or guarantees an insured certificate, if the authority's | | loan insurance liability for insuring an insured certificate is | | in lieu of and not in addition to its liability for insuring that | | portion of a mortgage loan represented by the insured | | certificate. |
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| | | Sec. 8. 10 MRSA §963-A, sub-§§30 and 31, as enacted by PL 1985, c. 344, | | §7, are repealed. |
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| | | Sec. 9. 10 MRSA §963-A, sub-§36, as enacted by PL 1985, c. 344, §7, is | | amended to read: |
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| | | 36. Loan Insurance Program. "Mortgage | means the program governed by subchapter II |
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| | | Sec. 10. 10 MRSA §963-A, sub-§37, as enacted by PL 1985, c. 344, §7, | | is repealed. |
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| | | Sec. 11. 10 MRSA §963-A, sub-§38, as enacted by PL 1985, c. 344, §7, | | is amended to read: |
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