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Ch. 305 2000 LAWS OF MARYLAND
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(B) CHILD CARE SPECIAL LOANS MAY BE PROVIDED TO FINANCE THE
EXPANSION OR IMPROVEMENT OF CHILD CARE SERVICES AT CHILD CARE FACILITIES
IN THE STATE, IN ACCORDANCE WITH THE TERMS OF THIS SECTION.
(C) ALL MONEYS RECEIVED BY THE FUND FOR MAKING CHILD CARE SPECIAL
LOANS SHALL BE SEPARATELY ACCOUNTED FOR, INCLUDING:
(1) FEDERAL FUNDS ALLOCATED OR GRANTED FOR CHILD CARE
SPECIAL LOANS, INCLUDING CHILD CARE AND DEVELOPMENT BLOCK GRANT FUNDS;
(2) PRIVATE MONEYS DONATED OR GRANTED TO THE FUND FOR CHILD
CARE SPECIAL LOANS;
(3) PREMIUMS, FEES, INTEREST PAYMENTS. AND PRINCIPAL PAYMENTS
ON CHILD CARE SPECIAL LOANS MADE WITH FEDERAL FUNDS;
(4) PROCEEDS FROM THE SALE, DISPOSITION, LEASE, OR RENTAL OF
COLLATERAL RELATING TO CHILD CARE SPECIAL LOANS;
(5) ANY OTHER MONEYS MADE AVAILABLE FOR CHILD CARE SPECIAL
LOANS; AND
(6) ANY FEDERAL FUNDS FOR CHILD CARE SPECIAL LOANS THAT ARE
USED BY THE DEPARTMENT TO PAY COSTS OF ADMINISTERING THE LOANS.
(D) IN MAKING CHILD CARE SPECIAL LOANS, CONSIDERATION SHALL BE
GIVEN TO:
(1) COMMUNITY NEED;
(2) COMMUNITY INCOME, WITH PRIORITY GIVEN TO THOSE
COMMUNITIES WITH THE LOWEST MEDIAN FAMILY INCOME;
(3) CARE FOR CHILDREN WITH TEENAGE PARENTS IN SCHOOL OR
TRAINING;
(4) CARE FOR CHILDREN WITH SPECIAL NEEDS; AND
(5) INFANT CARE.
(E) THE DEPARTMENT MAY MAKE A CHILD CARE SPECIAL LOAN TO AN
APPLICANT ONLY IF:
(1) THE APPLICANT MEETS THE QUALIFICATIONS REQUIRED BY THIS
SECTION;
(2) THE APPLICANT MEETS ANY ADDITIONAL REQUIREMENTS IMPOSED
BY THE SOURCE OF THE FUNDS TO BE LOANED; AND
(3) THE LOAN WILL BE USED TO ASSIST APPLICANTS IN MEETING
APPLICABLE STATE AND LOCAL CHILD CARE STANDARDS.
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- 1820 -
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