WILLIAM DONALD SCHAEFER, Governor
6-2A-01.

(A)  IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)  "DEPARTMENT" MEANS THE DEPARTMENT OF ECONOMIC AND
EMPLOYMENT DEVELOPMENT.

(C)  "DIRECT LOAN FUND" MEANS THE CHILD CARE FACILITIES
DIRECT LOAN FUND.

(D)  "CHILD CARE FACILITY" MEANS A FACILITY IN WHICH CARE IS
OFFERED FOR 7 OR MORE CHILDREN.

6-2A-02.

THERE IS A CHILD CARE FACILITIES DIRECT LOAN FUND
ADMINISTERED BY THE DEPARTMENT.

6-2A-03.

(A)  THE DIRECT LOAN FUND SHALL BE USED AS A NONLAPSING
REVOLVING FUND TO MAKE DIRECT LOANS FOR THE EXPANSION OR
DEVELOPMENT OF CHILD CARE FACILITIES IN THIS STATE.

(B)  THE SECRETARY OF THE DEPARTMENT MAY DELEGATE THE
AUTHORITY TO APPROVE DIRECT LOANS TO ANY BOARD WHICH EXISTS OR
MAY BE CREATED WITHIN THE DEPARTMENT.

6-2A-04.

(A)  ALL RECEIPTS DESIGNATED FOR THE DIRECT LOAN FUND SHALL
BE PLACED IN THE DIRECT LOAN FUND AND ADMINISTERED BY THE
DEPARTMENT INCLUDING:

(1)  MONEYS APPROPRIATED BY THE STATE TO THE DIRECT
LOAN FUND;

(2)  PREMIUMS, FEES, INTEREST PAYMENTS, AND PRINCIPAL
PAYMENTS ON DIRECT LOANS;

(3)  INCOME FROM INVESTMENTS THAT THE STATE TREASURER,
ON INSTRUCTION OF THE DEPARTMENT, MAKES FOR THE DEPARTMENT UNDER
THIS SUBTITLE;

(4)  PROCEEDS FROM THE SALE, DISPOSITION, LEASE, OR
RENTAL OF COLLATERAL RELATING TO DIRECT LOANS; AND

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

(B)  THE DIRECT LOAN FUND SHALL BE USED TO PAY ALL EXPENSES
AND DISBURSEMENTS AUTHORIZED BY THE DEPARTMENT FOR ADMINISTERING

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