| | 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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