731-Child Care Facility Revolving Acct
Child Care Facility Revolving Acct
Department of Commerce - 1030
BA - Special Revenue Funds
BE - Human Services Fund
2 - Treasury Trust Fund
SAAM Budget Type:
Interest Earning Authority:
Closing GL Code:
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
Child care providers, general public
Account keeps own interest per 3/14/02 ATG memo to OST.