VETOES
6-204.

(a)  All receipts designated for the [Day Care Facilities
Loan] Guarantee Fund shall be placed in the GUARANTEE Fund and
administered by the Department including:

(1)  Premiums AND FEES for guaranteeing loans; [and]

(2)  Income from investments that the State Treasurer,
on instruction of the Department makes for the Department under
this subtitle[. ];

(3)  PROCEEDS FROM THE SALE, DISPOSITION, LEASE, OR
RENTAL OF COLLATERAL RELATING TO LOAN GUARANTEES;

(4)  MONEYS APPROPRIATED BY THE STATE TO THE GUARANTEE
FUND; AND

(5)  ANY OTHER MONEYS MADE AVAILABLE TO THE GUARANTEE
FUND.

(b)  The GUARANTEE Fund shall be used to pay all expenses
and disbursements authorized by the Department for ADMINISTERING
THE GUARANTEE FUND, AND financing[,] THE expansion[,] or
development of [group or family] day care facilities in this
State, including BY WAY OF EXAMPLE:

(1)  Guaranty payments required by loan defaults; and

(2)  Expenses for administrative, legal, actuarial,
TECHNICAL ASSISTANCE, and other services.

(c)  'In guaranteeing loans under this subtitle,
consideration shall be given to:

(1)  Geographic distribution;

(2)  Community need; and

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

6-205.

(a) If, at any time, the amount of money in the GUARANTEE
Fund exceeds the amount that the Department considers necessary
currently to meet its expenses and obligations, the excess shall
be:

(1)  Deposited with the State Treasurer, to the credit
of the Fund; and

(2)  Invested in the manner provided for by law.

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