WILLIAM DONALD SCHAEFER, Governor

(1) Geographic distribution;

(2) Community need; and

(3) Community income, with priority given to those communities with the
lowest median family income.

(D) IN MAKING GRANTS UNDER THIS SUBTITLE, CONSIDERATION
SHALL BE GIVEN TO:

(1) GEOGRAPHIC DISTRIBUTION;
(T) COMMUNITY NEED; AND

(3) FAMILY INCOME, WITH PRIORITY GIVEN TO THOSE
FAMILIES WITH THE LOWEST INCOME.

(E) THE AMOUNT OF MONEY EXPENDED FOR GRANTS TO FAMILY
DAY CARE PROVIDERS FROM THE DIRECT GRANT AND LOAN FUND MAY
NOT EXCEED $50,000 IN EACH YEAR.

6-2A-05.

If, at any time, the amount of money in the Direct GRANT AND Loan Fund
exceeds the amount that the Department considers necessary currently to meet its
expenses and obligations, the Department shall deposit the excess money with the State
Treasurer, who shall invest the money in the manner provided for by law.

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 can
facility.

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