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(a) Under the Sustainable Building Design Program for State Agencies, the Building Authority Division may authorize money to be loaned from the Sustainable Building Design Revolving Loan Fund to a state agency, board, or commission.
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(b) A loan made under subsection (a) of this section shall be:
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(1) For a renovation of state-owned property; and
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(2) In an amount that exceeds two hundred fifty thousand dollars ($250,000).
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(c)
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(1) The division shall credit an origination fee to the Building Authority Division Maintenance Fund for expenses associated with the administration of the program.
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(2) The term for repayment of the loan may not exceed ten (10) years.
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