Establishes the North Carolina Child Care Finance Agency to provide financing for child care construction and rehabilitation.
The North Carolina Child Care Finance Agency Act establishes the North Carolina Child Care Finance Agency to provide financing for child care construction, rehabilitation, and to increase the supply of affordable child care. The agency is authorized to issue bonds, make loans, and insure mortgage loans for child care facilities. It aims to encourage private enterprise and investment in child care facilities, and to increase access to affordable child care for all families. The agency is governed by a board of directors appointed by the Governor and the General Assembly.
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