L. Any hazardous waste or solid waste recycling or reduction project;

M. Any aboveground oil replacement or upgrade project, including equipment installed to meet requirements for gasoline service station vapor control and petroleum liquids transfer vapor recovery;

N. Any electric rate stabilization project;

O. Any major business expansion project;

P. Any workers' compensation residual market mechanism project;

Q. Any clean fuel vehicle project;

R. Any paper industry job retention project; and

S. Any transmission facilities project.

In addition to and without limiting this subsection, "eligible project" or "eligible collateral" also means any project or collateral, the financing of which through the issuance of 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.

Sec. 5. 10 MRSA §963-A, sub-§15, as enacted by PL 1985, c. 344, §7, is amended to read:

15. Facility. "Facility" means an eligible project or any eligible collateral.

Sec. 6. 10 MRSA §963-A, sub-§27, as enacted by PL 1985, c. 344, §7, is amended to read:

27. Loan. "Loan" or "mortgage loan" means an extension of credit made in consideration of a written promise of repayment or any other conditions which that may be established by the authority, performance of which may be secured by mortgage.

Sec. 7. 10 MRSA §963-A, sub-§27-A, as enacted by PL 1993, c. 460, §2, is amended to read:

27-A. Loan insurance agreement. "Loan insurance agreement," "mortgage insurance agreement" or "mortgage insurance