S-1799.1          _______________________________________________

                            SUBSTITUTE SENATE BILL 5583

                  _______________________________________________

State of Washington              52nd Legislature             1991 Regular Session

By Senate Committee on Commerce & Labor (originally sponsored by Senators Anderson, McMullen, Moore, L. Smith and Oke; by request of Dept. of Trade and Economic Developmt).

Read first time March 1, 1991.Pertaining to the child care facility fund.

     AN ACT Relating to the child care facility fund; and amending RCW 43.31.502 and 43.31.506.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

     Sec. 1.  RCW 43.31.502 and 1989 c 430 s 3 are each amended to read as follows:

(1) A child care facility revolving fund is created.  Money in the fund shall be used solely for the purpose of starting or improving a child care facility pursuant to RCW 43.31.085 and 43.31.502 through 43.31.514.  Only moneys from private or federal sources may be deposited into this fund.

(2) Funds provided under this section shall not be subject to reappropriation.  The child care facility fund committee may use loan and grant repayments and income for the revolving fund program.

     Sec. 2.  RCW 43.31.506 and 1989 c 430 s 5 are each amended to read as follows:

     The child care facility fund committee is authorized to solicit applications for and award grants and loans from the child care facility fund 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 shall be awarded on a one-time only basis, and 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.  No loan shall exceed one hundred thousand dollars.