An Act repealing the child care facility revolving loan fund; repealing the child care facility revolving loan fund foreclosure expense account; repealing the child care facility revolving loan fund program; and providing for an effective date.

SB 263 repeals Alaska's child care facility revolving loan fund, its related foreclosure expense account, and the entire program. This bill directly affects child care facilities that previously accessed loans through this state-funded program. The legislation removes the legal framework governing these funds and sets an effective date of July 1, 2026. The bill does not create new funding or alter current child care support structures; it solely eliminates the repealed program.