[§211F-43]  Purposes and priorities requiredin the procuring of insurance, loan guarantees, or letters of credit.  (a) Insurance, guarantees, or letters of credit procured pursuant to section211F-42 shall be procured only for economic development projects within theState that are consistent with the purposes and objectives of this chapter.

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