and for no other purpose. All interest earned on moneys in the
Fund must be deposited into the Fund.
(c) A loan for the replanting of trees on public lands
within emerald ash borer quarantine areas established by the
Department of Agriculture may not exceed $5,000,000 to any one
unit of local government. The repayment period for the loan may
not exceed 20 years. The unit of local government shall repay,
each year, at least 5% of the principal amount borrowed or the
remaining balance of the loan, whichever is less. All
repayments of loans must be deposited into the Emerald Ash
Borer Revolving Loan Fund.
(d) Any loan under this Section to a unit of local
government may not exceed the moneys that the unit of local
government expends or dedicates for the reforestation project
for which the loan is made.
(e) The Department of Agriculture may enter into agreements
with a unit of local government under which the unit of local
government is authorized to assist the Department in carrying
out its duties in a quarantined area, including inspection and
eradication of any dangerous insect or dangerous plant disease,
and including the transportation, processing, and disposal of
diseased material. The Department is authorized to provide
compensation or financial assistance to the unit of local
government for its costs.
(f) The Authority, with the assistance of the Department of
Agriculture and the Department of Natural Resources, shall