The board is the state agency
responsible for administering the fund. In order to
facilitate compliance with the federal Tax Reform Act of
1986 (Public Law 99-514), there is hereby established in
the fund a Federal Revolving Loan Fund Account and a
State Revolving Loan Fund Account. From time-to-time
thereafter, the board may modify existing accounts in the
fund and may establish other accounts in the fund, and in
all other funds administered by the board, which the board
deems appropriate or necessary for proper administration