Establishes the North Carolina Child Care Finance Agency to finance child care facilities.
The bill establishes the North Carolina Child Care Finance Agency to provide financing for child care construction, rehabilitation, and private enterprise investment. It authorizes the agency to issue bonds, make loans, and insure mortgage loans for child care facilities. The agency aims to increase the supply of affordable child care, prioritize high-quality facilities, and incentivize private investment. It is overseen by legislative committees and submits an annual report. The agency is exempt from state and local taxes, except for inheritance, gift, and income taxes.
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- Core Provisions
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- Legal Framework
- Critical Issues
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