§ 20-78-501. Creation — Composition — Meetings
(a) (1) There is hereby established the Arkansas Early Childhood Commission, to be composed of eleven (11) members. (2) The Chair of the Arkansas Early Childhood Commission shall be selected annually by majority vote of the commission. (b) The following members of the commission shall be appointed by the Governor, subject to confirmation by the […]
§ 20-78-502. Duties — Assistance
(a) The Arkansas Early Childhood Commission shall have the following duties and responsibilities and shall annually report its progress toward the following: (1) Advising the Division of Child Care and Early Childhood Education on the administration of the Arkansas Child Care Facilities Loan Guarantee Trust Fund; (2) Providing technical assistance in the design of training […]
§ 20-78-503. Arkansas Child Care Facilities Loan Guarantee Trust Fund
(a) There is established a cash fund account of the Division of Child Care and Early Childhood Education of the Department of Human Services to be known as the “Arkansas Child Care Facilities Loan Guarantee Trust Fund”. This cash fund account is to be maintained in one (1) or more financial institutions of the state […]
§ 20-78-504. Moneys for Arkansas Child Care Facilities Loan Guarantee Trust Fund
(a) (1) After providing for the exclusion of the interest income classified as special revenues as authorized by §§ 15-41-110 and 27-70-204, and for the first two million dollars ($2,000,000) of interest income received each fiscal year by the Treasurer of State as authorized in § 15-5-422, the next one hundred thousand dollars ($100,000) of […]
§ 20-78-505. Loan guarantees — Annual report
(a) The Division of Child Care and Early Childhood Education is authorized to develop and implement, with the technical assistance of the Arkansas Early Childhood Commission, necessary rules to receive, review, and approve applications for loan deficiency guarantee assistance for expansion or development of childcare facilities in this state. (b) The maximum loan guarantee amount […]
§ 20-78-506. Criteria for grant approval
The Division of Child Care and Early Childhood Education of the Department of Human Services is authorized to develop and implement criteria for grant approval of interest moneys to be used as authorized in § 20-78-503(d).