Child care: facilities: funding.

Existing law establishes the Child Care Facilities Revolving Fund in the State Treasury to provide funding for loans for the renovation, repair, or improvement of an existing building to make the building suitable for licensure for child care and development services, and for the purchase of new relocatable child care facilities for the lease to local educational agencies and contracting agencies that provide child care and development services. Existing law requires these loans to be repaid within a period that does not exceed 10 years. This bill would require these loans to be repaid within a period that does not exceed 20 years. Existing law requires augmentations made to the fund by the Budget Act of 2014 to be used for loans for renovation or repair of existing local educational agency facilities to ensure those facilities meet applicable health and safety standards or the purchase of new relocatable child care facilities for lease to local educational agencies, for the purpose of expanding access to California state preschool program services. Existing law requires the Superintendent of Public Instruction to submit to the Department of Finance and the Legislative Analyst's Office, on or before August 1 of each fiscal year, a report detailing the number of funding requests received and their purpose, among other things. This bill would clarify that the report is to also include information pertaining to any loans for renovations and repairs provided pursuant to the augmentations made to the fund by the Budget Act of 2014.