(1)    The department may enter into an agreement with the federal environmental protection agency under which the department receives funds under 42 U.S. Code § 9604 (k) (3) (A) (i) to establish and administer a brownfields revolving loan program. If the department receives funds under this subsection, it may make loans or grants for the remediation of brownfield sites, as defined in 42 U.S. Code § 9601 (39), in accordance with the agreement.

   (2)   At the request of another governmental entity, the department may administer funds received under 42 U.S. Code § 9604 (k) (3) (A) (i) by the other governmental entity for the establishment of a brownfields revolving loan program.