Thank you-yes the lights (both) stay on until the engine has started then they go out as expected. Its just odd that both lights come on (as needed) at the start up when the engine is cold but then after i run it awhile and restart it -only the green light comes on. That is the odd part- thats what worries me about the overheat indication- im afraid i don't have "broken fan belt indication" since the red light never came on during the pre engine start sequence EXCEPT during the initial cold engine start. If this makes any sense??? Why would having the engine warmed up prevent the red light from comming on during the engine start up??
Kevin
Get it warmed up, verify the light isn't coming on, remove belt (quickly so it doesn't cool down), test fire it (very briefly so it doesn't get too hot), see if the light comes on when the fan isn't spinning.
If the light comes on, then you can rest assured that everything is ok.
If not, I guess you'll have to fix it!!! Maybe the regulator?