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Fund 731

Fund Reference Manual

731-Child Care Facility Revolving Acct

Account Code:
731
Account Title:
Child Care Facility Revolving Acct
Admin Agency:
Department of Commerce - 1030
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BE - Human Services Fund
Cash Type:
2 - Treasury Trust Fund
SAAM Budget Type:
Nonappropriated/Nonallotted (N)
Interest Earning Authority:
N/A
Authority:
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:
Sat, 07/01/1989
Inactive Date:
Public Notes:
Account keeps own interest per 3/14/02 ATG memo to OST.