(a) The department may

1. (1) make loans for the construction, renovation, and equipping of child care facilities, including private nonprofit child care facilities;
2. (2) adopt regulations necessary to carry out the provisions of AS 44.33.240 — 44.33.275, including regulations to establish reasonable fees for services provided and charges for collecting the fee; and
3. (3) collect the fees and charges established under this subsection.

(b) The department shall

1. (1) develop eligibility standards for loans to child care facilities;
2. (2) adopt guidelines for the determination of loan terms.