(a) The department may


(1) make loans for the construction, renovation, and equipping of child care facilities, including private nonprofit child care facilities;


(2) adopt regulations necessary to carry out the provisions of AS 44.33.240 - 44.33.275, including regulations to establish reasonable fees for services provided and charges for collecting the fee; and


(3) collect the fees and charges established under this subsection.


(b) The department shall


(1) develop eligibility standards for loans to child care facilities;


(2) adopt guidelines for the determination of loan terms.