(1) In the interest of fostering and promoting aviation and aeronautical purposes within Montana, the Montana Department of Transportation offers aeronautical grants and loans to eligible public sponsors as allowed in 67-1-301 , MCA. The Aeronautics Division oversees and administers this program. The program may provide cost sharing grants and low interest loans for any aeronautically related project. The Montana Aeronautics Board, whose members are appointed by the governor's office, has sole authority on the annual awarding of grant and loan monies. A portion of general aviation and airline gas tax revenues generated within the state of Montana provides the principal funding for this program.