RCW 43.31.508
Child care facility fund committee—Loans to child care facilities.
The child care facility fund committee is authorized, upon application, to use the child care facility fund to guarantee loans made to persons, businesses, or organizations to start a licensed child care facility, or to make capital improvements in an existing licensed child care facility.
(1) Loan guarantees shall be awarded on a one-time only basis, and shall not be awarded for loans to cover operating expenses beyond the first three months of business.
(2) The total aggregate amount of the loan guarantee awarded to any applicant may not exceed twenty-five thousand dollars and may not exceed eighty percent of the loan.
(3) The total aggregate amount of guarantee from the child care facility fund, with respect to the guaranteed portions of loans, may not exceed at any time an amount equal to five times the balance in the child care facility fund.
[ 1989 c 430 § 6.]
NOTES:
Legislative findings—Severability—1989 c 430: See notes following RCW 43.31.502.
Structure Revised Code of Washington
Title 43 - State Government—Executive
Chapter 43.31 - Department of Commerce.
43.31.0925 - Business assistance center—Minority and women business development office.
43.31.205 - Hanford reservation—Promotion of sublease for nuclear-related industry.
43.31.215 - Hanford reservation—Tri-Cities area—Emphasize workforce and facilities.
43.31.422 - Hanford area economic investment fund.
43.31.425 - Hanford area economic investment fund advisory committee.
43.31.428 - Hanford area economic investment fund committee—Powers.
43.31.450 - SEED act—Findings—Purpose.
43.31.455 - SEED act—Definitions.
43.31.460 - SEED act—Individual development account program—Rules.
43.31.465 - SEED act—Foster youth individual development account program.
43.31.470 - SEED act—Individual development account program account.
43.31.475 - SEED act—Additional funds and purposes.
43.31.480 - SEED act—Report to the legislature.
43.31.485 - SEED act—Short title—2005 c 402.
43.31.502 - Child care facility revolving fund—Purpose—Source of funds.
43.31.504 - Child care facility fund committee—Generally.
43.31.506 - Child care facility fund committee—Authority to award moneys from fund.
43.31.508 - Child care facility fund committee—Loans to child care facilities.
43.31.514 - Child care facility fund committee—Grants, repayment requirements.
43.31.545 - Recycled materials and products—Market development.
43.31.565 - Early learning facilities grant and loan program—Definitions.
43.31.575 - Early learning facilities grant and loan program—Eligible organizations—Requirements.
43.31.577 - Early learning facilities grant and loan program—Eligible activities.
43.31.583 - Early learning facilities grant and loan program—Report.
43.31.615 - Landlord mitigation program account.
43.31.625 - Industrial waste coordination program.
43.31.635 - Industrial symbiosis grant program.
43.31.859 - Rural development council—Successor organization—Funding.