SB5297 amends the early learning facilities grant and loan program to enhance funding for early learning facilities.

SB5297 revises the early learning facilities grant and loan program to improve funding for early learning facilities. The bill creates the early learning facilities revolving account and the Ruth LeCocq Kagi early learning facilities development account in the state treasury. Funds are sourced from appropriations, grant and loan repayments, taxable bond proceeds, and other deposits. The Department of Commerce oversees the accounts and administers the program, in consultation with the Department of Children, Youth, and Families.

SB5297 amends the early learning facilities grant and loan program to enhance funding for early learning facilities.

SB5297 revises the early learning facilities grant and loan program to improve funding for early learning facilities. The bill creates the early learning facilities revolving account and the Ruth LeCocq Kagi early learning facilities development account in the state treasury. Funds are sourced from appropriations, grant and loan repayments, taxable bond proceeds, and other deposits. The Department of Commerce oversees the accounts and administers the program, in consultation with the Department of Children, Youth, and Families.