"Child Care Loan Fund Act"; requires EDA to establish no cost loan program for certain child care provider capital expenses; appropriates $10 million.

Summary

The bill orders the New Jersey Economic Development Authority to launch a revolving, no‑cost loan program that finances renovations, expansions, or new construction for licensed child‑care centers and registered family day‑care homes. Loans carry 0% interest, require no more than a 5% equity contribution, and must be repaid within five years, with technical assistance also provided. The program is seeded with a $10 million state appropriation and is intended to increase the number of child‑care slots statewide.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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