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Statutes Text

Article - Economic Development




§5–348.

    (a)    The proceeds of a child care special loan may be used:

        (1)    to assist the applicant in meeting applicable State and local child care standards;

        (2)    to pay for minor renovations, and to upgrade child care facilities, to ensure that applicants meet State and local child care standards; or

        (3)    to purchase and install equipment and furniture, including equipment needed to accommodate children with special needs.

    (b)    Except as provided in subsection (a) of this section, the proceeds of a child care special loan may not be used:

        (1)    to purchase or improve land; or

        (2)    to purchase, construct, or improve a building or facility.



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