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2023 - 2024 LEGISLATURE
2023 ASSEMBLY BILL 388
September 1, 2023 - Introduced by Representatives HURD, GOEBEN, EDMING,
GREEN, GUNDRUM, KRUG, MAGNAFICI, MELOTIK, O'CONNOR, PENTERMAN,
PETERSEN, PETRYK, PLUMER, RODRIGUEZ, ROZAR, STEFFEN, SUMMERFIELD,
SWEARINGEN, TRANEL and ARMSTRONG, cosponsored by Senators JAMES,
CABRAL-GUEVARA and STROEBEL. Referred to Committee on Children and
Families.
***AUTHORS SUBJECT TO CHANGE***
AN ACT to create 238.145 of the statutes; relating to: creating a child care center
renovations loan program.
Analysis by the Legislative Reference Bureau
This bill creates a child care center renovations revolving loan program, under
which the Wisconsin Economic Development Corporation must award loans to
licensed child care providers for the purpose of making renovations to their facilities.
Under the bill, 60 percent of the loans must go to in-home licensed child care
providers, and 40 percent must go to licensed child care providers that are not
in-home. An in-home child care provider may receive up to $30,000 per loan, and
a licensed child care provider that is not in-home may receive up to $100,000 per
loan. The loans must be interest free. An in-home child care provider must establish
or maintain enrollment in the in-home child care facility within one year of receiving
the loan. If enrollment is not established or maintained, the corporation may claw
back the loan.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SECTION 1. 238.145 of the statutes is created to read:
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SECTION 1 ASSEMBLY BILL 388
238.145 Child care center renovations revolving loan fund and
program. (1) ESTABLISHMENT OF FUND. (a) The corporation shall establish a child
care center renovations revolving loan fund, for the purpose of providing loans under
sub. (3).
(b) All moneys appropriated to the corporation for child care providers in the
2024-25 fiscal biennium shall be credited to the fund.
(c) All moneys received as repayments of loans awarded under sub. (3) shall be
credited to the fund.
(2) ESTABLISHMENT OF CHILD CARE CENTER RENOVATIONS REVOLVING LOAN PROGRAM.
The corporation shall establish and administer a child care center renovations
revolving loan program for the purpose of awarding loans to licensed child care
providers under sub. (3).
(3) LOAN REQUIREMENTS. (a) From the child care center renovations revolving
loan fund, the corporation shall award loans to licensed child care providers for
renovations of licensed child care facilities.
(b) Of the loan funding awarded to child care providers under this subsection,
the corporation shall award 60 percent to in-home licensed child care providers and
40 percent to licensed child care providers that are not in-home.
(c) No loan awarded under this subsection to an in-home licensed child care
provider may exceed $30,000. No loan awarded under this subsection to a licensed
child care provider that is not in-home may exceed $100,000.
(d) The corporation shall charge no interest on a loan awarded under this
subsection.
(e) An in-home child care provider who receives a loan under this subsection
shall, within one year of receiving the loan, establish or maintain enrollment in the
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SECTION 1
ASSEMBLY BILL 388
child care provider's in-home child care facility. If enrollment is not established or
maintained, the corporation shall terminate the loan agreement and the child care
provider shall be liable to the corporation for the amount awarded.
(END)
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