(i) any expenses which are clearly attributable, in the opinion of the authority, to the exercise of any of the authority's powers in respect of loan guarantees issued or reasonably expected to be issued;

(ii) any payments and all expenses attendant thereto which are required to be paid by the authority because of a default in the payment or in the other terms of a loan guaranteed by the authority;

(iii) all expenses and payments for the protection of the authority's interests in connection with defaulted or delinquent loans guaranteed by the authority, or in property possessed in consequences thereof;

(iv) all amounts required in the opinion of the authority to be set aside to provide a reasonable reserve for losses expected to be incurred by the authority as a result of defaults or expected defaults in the terms and payment of loans guaranteed by the authority;

(v) all amounts required to repay advances from the state for use as special purpose funds in respect of loan guarantees in accordance with any provision of law or repayment agreement between the authority and the director of the budget;

(vi) all amounts required to pay the principal and redemption price of or interest on special purpose bonds and notes specially issued for the purpose of providing funds to the special purpose loan guarantee insurance fund; and

(vii) all amounts required to purchase special purpose bonds or notes issued for the purpose of providing funds to the special purpose loan guarantee insurance fund. c. The following shall constitute special purpose funds in respect of a loan guarantee:

(i) the proceeds of the issuance and sale of special purpose bonds and notes issued for the purpose of providing funds to the special purpose loan guarantee insurance fund;

(ii) any moneys made available by the state for the purposes of providing funds to the special purpose loan guarantee insurance fund and any other moneys made available for the purpose of providing funds to the special purpose loan guarantee insurance fund from any other source or sources, including, without limitation, any federal agency;

(iii) any moneys received in respect of loan guarantees including amounts received as loan guarantee insurance premiums or fees, or assets or property of any kind or nature received by the authority as a result of a default or delinquency with respect to loans guaranteed by the authority including the proceeds from the sale, disposal, lease or rental of real or personal property which the authority may receive in respect of a loan guarantee;

(iv) any moneys deposited in the special purpose loan guarantee insurance fund pursuant to paragraph (g) of subdivision two of this section.