The proceeds of the loan may be used for any purposes approved by the Authority and permitted by the MIDFA Act and the Revenue Bond Act, including: Acquisition of real property and the construction of new buildings or renovation of existing buildings; Acquisition and installation of machinery and equipment; The obtaining of additional credit enhancements such as a letter of credit or bond insurance; and Payment of costs related to issuance of the bonds and permitted by the MIDFA Act, the Revenue Bond Act, and any applicable federal law.