Infrastructure funds established -- Purpose of funds -- Use of money in funds.

(1) There are created, as enterprise revolving loan funds: (a) the inland port infrastructure revolving loan fund; (b) the point of the mountain infrastructure revolving loan fund; (c) the fairpark area development revolving loan fund; and (d) the military development infrastructure revolving loan fund. (2) The purpose of each infrastructure fund is to provide funding, through infrastructure loans, for infrastructure projects undertaken by a borrower. (3) (a) Money in an infrastructure fund may be used only to provide loans for infrastructure projects. (b) The division may not loan money in an infrastructure fund without the approval of: (i) the respective loan approval body; and (ii) the Executive Appropriations Committee of the Legislature, for a loan from the inland port fund, the point of the mountain fund, or the fairpark area development fund.