Child care and developmental services: facilities.

Existing law establishes the Child Care Facilities Revolving Fund, a continuously appropriated fund in the State Treasury, to provide funding for the renovation, repair, improvement, or purchase of child care facilities for lease to school districts and contracting agencies that provide child care and developmental services pursuant to the Child Care and Development Services Act. Existing law provides for payment by the school district or contracting agency of a leasing fee over a 10-year period, after which title transfers to the district or agency. The bill would require the period of the lease to be 10 years or a different term as established by regulations. The bill would require the department to adopt regulations for implementing and managing the fund, and to promote the availability of the fund on its Internet Web site. The bill would require the regulations to include, among other things, the development of forms, policies, and procedures for the management of the fund and the terms of the loan. The bill would state the intent of the Legislature that $7,000,000 shall be appropriated annually in the Budget Act, to fund specified purposes related to child care facilities.