(a) The department may

1. (1) make loans to a business directly involved in the tourist industry;
2. (2) designate agents and delegate powers to them as is necessary;
3. (3) adopt regulations necessary to carry out its functions, including regulations to establish reasonable fees for services provided and charges for collecting the fees;
4. (4) establish amortization plans for the repayment of loans not to exceed 20 years;
5. (5) collect the fees and collection charges established under this subsection.