VETOES
6-2A-06.

Annually, the State Treasurer shall report to the Department as to:

(1) The status of the money invested under this subtitle;

(2) The market value of the assets in the Direct GRANT AND Loan Fund
as of the date of the report; and

(3) The interest received from investments for the Direct Loan Fund
during the period covered by the report.

6-2A-07.

Subject to the restrictions of this subtitle, the Department, on application, may
provide a GRANT OR loan to the applicant from the Direct GRANT AND Loan Fund.

6-2A-08.

(A) The Department may make a loan to an applicant only if:

(1) The applicant meets the qualifications required by this subtitle; and

(2) The loan is to be used for expansion or financing of a child care
facility.

(B) (1) THE DEPARTMENT MAY MAKE A GRANT TO AN APPLICANT
ONLY IF:

{4} (I) THE APPLICANT MEETS THE QUALIFICATIONS
REQUIRED BY THIS SUBTITLE; AND

(3) (II) THE GRANT DOES NOT EXCEED $500.

(2) AN APPLICANT MAY RECEIVE ONLY 1 GRANT EACH YEAR.

6-2A-09.

(a) To apply for financial assistance, an applicant shall submit to the
Department an application on the form that the Department requires.

(b) The application shall include:

(1) A detailed description of the proposed or existing child care facility
OR IDENTITY AND LOCATION OF THE FAMILY DAY CARE PROVIDER;

(2) An itemization of known and estimated costs;

(3) (I) The total amount of investment required to expand or develop
the child care facility; OR

(II) THE TOTAL AMOUNT OF FUNDS REQUIRED BY THE
FAMILY DAY CARE PROVIDER TO COMPLY WITH STATE AND LOCAL
REGULATIONS;

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