1-16B-40 Application by local agency for loan--Contents. 1-16B-41 Loans made only when other loans not available. 1-16B-42 Preference to projects for processing raw materials produced in state. 1-16B-43 Maximum percentage of cost loaned to local agency--Assurances as to other financing. 1-16B-44 Adjustment of local funding requirements when federal agency participates--Subordination to mortgage held by federal agency. 1-16B-45 Pledge to United States not to impair powers of authority. 1-16B-46 Terms of loan to local agency--Subordination to other loans. 1-16B-47 Foreclosure to take title to development project--Sale or lease. 1-16B-48 Annual reports of authority--Contents. 1-16B-49 Cumulative rights and powers of authority. 1-16B-50 Annual action plan--Annual informational report. 1-16B-51