Texas SB1739 establishes rules for the use and operation of the childcare protection and enhancement fund.

Texas SB1739 amends the Labor Code to establish the child care protection and enhancement fund, a trust fund held by the Texas Treasury Safekeeping Trust Company and administered by the Texas Workforce Commission. The fund aims to expand childcare capacity and enhance subsidized childcare rates. The Texas Workforce Commission must request approval for disbursements from the fund, which will be used to increase subsidized childcare rates and capacity. The fund's assets can be invested in various ways, and its expenditures are subject to audit.

Texas SB1739 establishes rules for the use and operation of the childcare protection and enhancement fund.

Texas SB1739 amends the Labor Code to establish the child care protection and enhancement fund, a trust fund held by the Texas Treasury Safekeeping Trust Company and administered by the Texas Workforce Commission. The fund aims to expand childcare capacity and enhance subsidized childcare rates. The Texas Workforce Commission must request approval for disbursements from the fund, which will be used to increase subsidized childcare rates and capacity. The fund's assets can be invested in various ways, and its expenditures are subject to audit.