The department may (1) make loans to eligible applicants under AS 16.10.890 — 16.10.945 for the planning, construction, and operation of a (A) mariculture business;
(B) hatchery that artificially propagates marine aquatic plants or shellfish; or
(C) a shellfish enhancement project;
(2) receive, take, hold, and administer any appropriation, transfer, gift, grant, bequest, devise, or donation of money for the fund;
(3) establish amortization plans for repayment of loans, including extensions of the terms of loans;
(4) allow an assumption of a loan if (A) the applicant meets the requirements established under this section; and
(B) approval of the assumption would be consistent with the purposes of AS 16.10.890 — 16.10.945;
(5) establish the rate of interest for loans consistent with law;
(6) charge and collect fees for services provided under AS 16.10.890 — 16.10.945;
(7) adopt regulations under AS 44.62 necessary to carry out the provisions of AS 16.10.890 — 16.10.945, including regulations to establish reasonable fees for services provided; and
(8) designate agents and delegate powers as necessary to the agents.