[§211F-43]  Purposes and priorities required
in the procuring of insurance, loan guarantees, or letters of credit.  (a) 
Insurance, guarantees, or letters of credit procured pursuant to section
211F-42 shall be procured only for economic development projects within the
State that are consistent with the purposes and objectives of this chapter.



(b)  The corporation shall give paramount
priority in procuring insurance, guarantees, and letters of credit to economic
development projects that have the greatest potential for creating new jobs or
retaining current jobs within the State. [L 1990, c 110, pt of §3]