The Department shall: administer the Business Development Program; adopt regulations to carry out the Business Development Program, including a process to designate an area as a food desert under subsection (c) of this section; and make a reasonable, good faith effort to make 25% of the Business Development Program loans and grants to microenterprises. The Department may: sell, assign, or otherwise dispose of a Program loan or revenue from a loan on terms and conditions acceptable to the Department, including selling loans at a discount, if the maximum sale proceeds in any fiscal year do not exceed limits that the Department sets by regulation; apply the proceeds received from a sale, assignment, or other disposition under item (1) of this subsection to the Fund; pledge a Program loan as security for any: business project loan, bond, or security that is issued, made, or purchased by the Community Development Administration under Title 4 of this article; or insurance, guaranty, or credit enhancement on a Program loan or business project under § 4–223 of this article; and without approval or execution by the Board of Public Works, sell or assign any equity interest acquired under § 6–305(d) of this subtitle. The Secretary, on the recommendation of the Interagency Food Desert Advisory Committee established under § 6–308.2 of this subtitle, may designate an area as a food desert after considering the following factors: availability of fresh fruit, vegetables, and other healthy foods in the area; income levels of local residents; transportation needs of local residents and the availability of public transportation; comments from local governments; and any other factors that the Department considers relevant.