(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(b) [Repealed, Sec. 84 ch 58 SLA 1999].