(a) A state agency by rule may provide, when applicable, encouragements and incentives to increase:
(1) the renovation, improvement, or new construction of housing in readjustment zones; and
(2) the economic viability and profitability of business and commerce in readjustment zones.
(b) The bank shall disseminate the reports to the governing bodies of readjustment zones and others as necessary to advance the purposes of this chapter.
(c) To contribute to the implementation of this chapter, an agency may waive, modify, provide exemptions to, or otherwise minimize the adverse effects of the rules it administers on the renovation, improvement, or new construction of housing in readjustment zones or on the economic viability and profitability of business and commerce in readjustment zones.