The Division may apply for and receive funds or property in the form of a grant or loan from the federal government or a unit of the federal government to establish or maintain correctional facilities in the Division on the terms that the Division approves. The Division may not apply for a grant or loan under this section if there is a requirement to apply any of the funds or property in contravention of any provision of State law relating to correctional facilities in the Division. The Division may not accept a loan under this section unless the Division has obtained any approval required by law. The repayment of a loan with interest, if any, shall be made from funds appropriated to the Division in the State budget.