Powers and duties of the department in administering the fund.

  1. Law
  2. Alaska Statutes
  3. State Government
  4. Department of Commerce, Community, and Economic Development
  5. Child Care Facility Revolving Loan Fund.
  6. Powers and duties of the department in administering the fund.

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(a) The department may

(1) make loans for the construction, renovation, and equipping of child care facilities, including private nonprofit child care facilities;

(2) adopt regulations necessary to carry out the provisions of AS 44.33.240 - 44.33.275, including regulations to establish reasonable fees for services provided and charges for collecting the fee; and

(3) collect the fees and charges established under this subsection.

(b) The department shall

(1) develop eligibility standards for loans to child care facilities;

(2) adopt guidelines for the determination of loan terms.


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