(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.