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731 Child Care Facility Revolving Acct

Account code: 731
Account title: Child Care Facility Revolving Acct
Administering agency: 1030 - Department of Commerce
Fund type: BA - Special Revenue Funds
Roll-up fund: BE - Human Services Fund
Cash type: 2 - Treasury Trust Fund
SAAM budget type: Nonappropriated/Nonallotted (N)
Interest earning authority: 43.79A.040
Authority: RCW 43.31.502
Closing GL Code: 9323
Description: To provide grants and loans to assist persons, businesses, or organizations to start a licensed child care facility, or to make capital improvements in an existing licensed child care facility. Grants and loans per applicant are restricted as follows: shall be awarded on a one-time only basis; shall not be awarded to cover operating expenses beyond the first three months of business; and no grant or loan shall exceed twenty-five thousand dollars.
Sources of revenue: Federal Grants-In-Aid, Charges and Miscellaneous Revenue, Other Miscellaneous Revenue, Interest Earnings
Clientele: Child care providers, general public
Effective date: 7/1/1989
Inactive date: