The department of environmental management shall:

(1)  Develop the criteria by rule and regulation necessary for defining eligible projects and recipients;

(2)  Prepare and adopt rules regulating loan generation, disbursement, payback period, and mortgage covenants; and

(3)  Establish procedures consistent with the purposes of this chapter.

History of Section.
P.L. 1984, ch. 420, § 1; P.L. 1985, ch. 181, art. 61, § 14; P.L. 1995, ch. 370, art. 40, § 135.