(a) The department may
(1) make loans to a business directly involved in the tourist industry;
(2) designate agents and delegate powers to them as is necessary;
(3) adopt regulations necessary to carry out its functions, including regulations to establish reasonable fees for services provided and charges for collecting the fees;
(4) establish amortization plans for the repayment of loans not to exceed 20 years;
(5) collect the fees and collection charges established under this subsection.
(b) [Repealed, § 84 ch 58 SLA 1999.]