| 1 | 1 | | LRB-3161/1 |
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| 2 | 2 | | MDE:wlj&cdc |
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| 3 | 3 | | 2023 - 2024 LEGISLATURE |
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| 4 | 4 | | 2023 ASSEMBLY BILL 388 |
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| 5 | 5 | | September 1, 2023 - Introduced by Representatives HURD, GOEBEN, EDMING, |
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| 6 | 6 | | GREEN, GUNDRUM, KRUG, MAGNAFICI, MELOTIK, O'CONNOR, PENTERMAN, |
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| 7 | 7 | | PETERSEN, PETRYK, PLUMER, RODRIGUEZ, ROZAR, STEFFEN, SUMMERFIELD, |
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| 8 | 8 | | SWEARINGEN, TRANEL and ARMSTRONG, cosponsored by Senators JAMES, |
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| 9 | 9 | | CABRAL-GUEVARA and STROEBEL. Referred to Committee on Children and |
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| 10 | 10 | | Families. |
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| 11 | 11 | | ***AUTHORS SUBJECT TO CHANGE*** |
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| 12 | 12 | | AN ACT to create 238.145 of the statutes; relating to: creating a child care center |
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| 13 | 13 | | renovations loan program. |
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| 14 | 14 | | Analysis by the Legislative Reference Bureau |
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| 15 | 15 | | This bill creates a child care center renovations revolving loan program, under |
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| 16 | 16 | | which the Wisconsin Economic Development Corporation must award loans to |
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| 17 | 17 | | licensed child care providers for the purpose of making renovations to their facilities. |
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| 18 | 18 | | Under the bill, 60 percent of the loans must go to in-home licensed child care |
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| 19 | 19 | | providers, and 40 percent must go to licensed child care providers that are not |
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| 20 | 20 | | in-home. An in-home child care provider may receive up to $30,000 per loan, and |
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| 21 | 21 | | a licensed child care provider that is not in-home may receive up to $100,000 per |
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| 22 | 22 | | loan. The loans must be interest free. An in-home child care provider must establish |
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| 23 | 23 | | or maintain enrollment in the in-home child care facility within one year of receiving |
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| 24 | 24 | | the loan. If enrollment is not established or maintained, the corporation may claw |
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| 25 | 25 | | back the loan. |
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| 26 | 26 | | For further information see the state fiscal estimate, which will be printed as |
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| 27 | 27 | | an appendix to this bill. |
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| 28 | 28 | | The people of the state of Wisconsin, represented in senate and assembly, do |
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| 29 | 29 | | enact as follows: |
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| 30 | 30 | | SECTION 1. 238.145 of the statutes is created to read: |
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| 33 | 33 | | 3 - 2 -2023 - 2024 Legislature LRB-3161/1 |
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| 34 | 34 | | MDE:wlj&cdc |
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| 35 | 35 | | SECTION 1 ASSEMBLY BILL 388 |
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| 36 | 36 | | 238.145 Child care center renovations revolving loan fund and |
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| 37 | 37 | | program. (1) ESTABLISHMENT OF FUND. (a) The corporation shall establish a child |
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| 38 | 38 | | care center renovations revolving loan fund, for the purpose of providing loans under |
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| 39 | 39 | | sub. (3). |
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| 40 | 40 | | (b) All moneys appropriated to the corporation for child care providers in the |
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| 41 | 41 | | 2024-25 fiscal biennium shall be credited to the fund. |
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| 42 | 42 | | (c) All moneys received as repayments of loans awarded under sub. (3) shall be |
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| 43 | 43 | | credited to the fund. |
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| 44 | 44 | | (2) ESTABLISHMENT OF CHILD CARE CENTER RENOVATIONS REVOLVING LOAN PROGRAM. |
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| 45 | 45 | | The corporation shall establish and administer a child care center renovations |
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| 46 | 46 | | revolving loan program for the purpose of awarding loans to licensed child care |
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| 47 | 47 | | providers under sub. (3). |
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| 48 | 48 | | (3) LOAN REQUIREMENTS. (a) From the child care center renovations revolving |
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| 49 | 49 | | loan fund, the corporation shall award loans to licensed child care providers for |
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| 50 | 50 | | renovations of licensed child care facilities. |
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| 51 | 51 | | (b) Of the loan funding awarded to child care providers under this subsection, |
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| 52 | 52 | | the corporation shall award 60 percent to in-home licensed child care providers and |
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| 53 | 53 | | 40 percent to licensed child care providers that are not in-home. |
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| 54 | 54 | | (c) No loan awarded under this subsection to an in-home licensed child care |
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| 55 | 55 | | provider may exceed $30,000. No loan awarded under this subsection to a licensed |
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| 56 | 56 | | child care provider that is not in-home may exceed $100,000. |
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| 57 | 57 | | (d) The corporation shall charge no interest on a loan awarded under this |
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| 58 | 58 | | subsection. |
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| 59 | 59 | | (e) An in-home child care provider who receives a loan under this subsection |
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| 60 | 60 | | shall, within one year of receiving the loan, establish or maintain enrollment in the |
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| 85 | 85 | | 25 - 3 -2023 - 2024 Legislature |
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| 86 | 86 | | LRB-3161/1 |
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| 87 | 87 | | MDE:wlj&cdc |
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| 88 | 88 | | SECTION 1 |
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| 89 | 89 | | ASSEMBLY BILL 388 |
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| 90 | 90 | | child care provider's in-home child care facility. If enrollment is not established or |
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| 91 | 91 | | maintained, the corporation shall terminate the loan agreement and the child care |
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| 92 | 92 | | provider shall be liable to the corporation for the amount awarded. |
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| 93 | 93 | | (END) |
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