Text: HF00479 Text: HF00481 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 15E.1 LICENSED CHILD CARE 1 2 FACILITY REVOLVING LOAN FUND. 1 3 1. A licensed child care facility revolving loan fund is 1 4 created in the office of the treasurer of state to be 1 5 administered by the department of economic development. The 1 6 fund shall consist of any moneys appropriated by the general 1 7 assembly and any other moneys available to and obtained or 1 8 accepted by the department for placement in the fund. 1 9 Repayments of loans under this section shall be deposited in 1 10 the licensed child care facility revolving loan fund created 1 11 in this section. Moneys in the fund shall be used to provide 1 12 loans and grants for any of the following purposes: 1 13 a. The building of new or expanded facilities for a child 1 14 care center licensed pursuant to section 237A.2 designed to 1 15 accommodate greater child care capacity. 1 16 b. The renovation of existing facilities of a child care 1 17 center licensed pursuant to section 237A.2 for purposes of 1 18 maintaining licensure under chapter 237A. 1 19 2. The department of economic development, in consultation 1 20 with the department of human services and the department of 1 21 workforce development, shall adopt rules pursuant to chapter 1 22 17A to administer the fund. 1 23 3. Interest on the fund shall be deposited in the fund. 1 24 Section 8.33 shall not apply to the moneys in the fund. 1 25 Sec. 2. APPROPRIATION. There is appropriated from the 1 26 general fund of the state to the department of economic 1 27 development for the fiscal year beginning July 1, 1999, and 1 28 ending June 30, 2000, the following amount, or so much thereof 1 29 as is necessary, to be used for the purpose designated: 1 30 For the licensed child care facility revolving loan fund 1 31 created in section 15E.1, including salaries, support, 1 32 maintenance, and miscellaneous purposes: 1 33 .................................................. $ 200,000 1 34 Notwithstanding section 8.33, moneys appropriated in this 1 35 section that remain unencumbered or unobligated at the close 2 1 of the fiscal year shall not revert but shall remain available 2 2 for expenditure for the purposes designated until the close of 2 3 the succeeding fiscal year. 2 4 EXPLANATION 2 5 This bill creates the licensed child care facility 2 6 revolving loan fund in the office of the treasurer and under 2 7 the control of the department of economic development. The 2 8 fund shall be used to provide loans and grants for the 2 9 building of new or expanded facilities for a licensed child 2 10 care center designed to accommodate greater child care 2 11 capacity and for the renovation of existing facilities for a 2 12 licensed child care center intended to aid in the maintaining 2 13 of licensure. The department of economic development, in 2 14 consultation with the department of human services and the 2 15 department of workforce development, shall adopt rules to 2 16 administer the fund. 2 17 The bill provides an appropriation of $200,000 from the 2 18 general fund to the department of economic development for 2 19 purposes of providing loans and grants from the licensed child 2 20 care facility revolving fund. 2 21 LSB 2813HH 78 2 22 tm/sc/14
Text: HF00479 Text: HF00481 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 1999 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Wed Jan 12 05:55:23 CST 2000
URL: /DOCS/GA/78GA/Legislation/HF/00400/HF00480/990303.html
jhf