1. (1) There are created, as enterprise revolving loan funds:

   1. (a) the inland port infrastructure revolving loan fund;
   2. (b) the point of the mountain infrastructure revolving loan fund;
   3. (c) the fairpark area development revolving loan fund; and
   4. (d) the military development infrastructure revolving loan fund.
2. (2) The purpose of each infrastructure fund is to provide funding, through infrastructure loans, for infrastructure projects undertaken by a borrower.

3. (3)

   1. (a) Money in an infrastructure fund may be used only to provide loans for infrastructure projects.

   2. (b) The division may not loan money in an infrastructure fund without the approval of:

      1. (i) the respective loan approval body; and
      2. (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.

Amended by Chapter 419, 2024 General Session