AN ACT CONCERNING EARLY CHILDHOOD CARE AND EDUCATION.

Changed the act title from 'capitalization of the Early Childhood Care and Education Fund' to 'Early Childhood Care and Education Fund' to better reflect the broader purpose of establishing and operating the fund.

Added specific funding provisions requiring up to $100 million in surplus funds to be transferred to the fund for fiscal years ending June 30, 2025 and 2026, with amounts deducted from surplus calculations for the Budget Reserve Fund.

Added comprehensive legal provisions establishing the fund's independent status, stating that fund assets are not state property and the state has no liability or obligation related to the fund.

Added investment guidelines requiring the Treasurer to invest fund assets prudently while avoiding state obligations, and requiring the fund to retain at least 10% of annual transfers or deposits.

Added specific permitted uses for fund money including child care subsidy expansion, educator salary increases, health care subsidies, and capital grants for early childhood education facilities.

Added effective dates for different provisions, with fund transfer provisions effective from passage and the fund establishment effective July 1, 2025.