Sec. 17b-738. (Formerly Sec. 17-596). Loans to business firms for licensed child care centers, family day care homes or group day care homes. - Connecticut Statutes

      Sec. 17b-738. (Formerly Sec. 17-596). Loans to business firms for licensed child care centers, family day care homes or group day care homes. The Commissioner of Social Services shall establish and administer a program of loans to business firms, as defined in subsection (a) of section 12-631, for the purpose of planning, site preparation, construction, renovation or acquisition of facilities, within the state, for use as licensed child day care centers, family day care homes or group day care homes to be used primarily by the children of employees of such corporations and children of employees of the municipalities in which such facilities are located. Such loans shall be made in accordance with the terms and conditions as provided in regulations adopted by the Commissioner of Social Services, in accordance with chapter 54, shall be made for a period not to exceed five years and shall bear interest at a rate to be determined in accordance with subsection (t) of section 3-20.

      (P.A. 84-443, S. 17, 20; P.A. 87-416, S. 17, 24; 87-435, S. 1; P.A. 93-262, S. 1, 87; P.A. 96-262, S. 5, 11.)

      History: P.A. 87-416 provided that the interest rates on loans would be determined in accordance with Sec. 3-20(t); P.A. 87-435 transferred authority to administer loan program from economic development commissioner to human resources commissioner, specified that facilities be "within the state" and made technical changes and deleted former Subsec. (b) which had required loan authorization by Connecticut development authority; Sec. 32-9hh transferred to Sec. 17-31ee in 1989; Sec. 17-31ee transferred to Sec. 17-596 in 1991; P.A. 93-262 authorized substitution of commissioner and department of social services for commissioner and department of human resources, effective July 1, 1993; Sec. 17-596 transferred to Sec. 17b-738 in 1995; P.A. 96-262 replaced "corporations" with "business firms, as defined in Subsec. (a) of Sec. 12-631" and replaced "child care facilities" with "licensed child day care centers, family day care homes or group day care homes", effective July 1, 1996.