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Code · North Carolina · Chapter 143B — Executive Organization Act of 1973

§ 143B-168.26. Child care revolving loan.

80 words·~1 min read·/nc/chapter-143b/143b-168-26

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§ 143B-168.26. Child care revolving loan.
Notwithstanding any law to the contrary, funds budgeted for the Child Care Revolving Loan Fund may be transferred to and invested by the financial institution contracted to operate the Fund. The principal and any income to the Fund may be used to make loans, reduce loan interest to borrowers, serve as collateral for borrowers, pay the contractor's cost of operating the Fund, or pay the Department's cost of administering the program. (2017-57, s. 11B.6.)
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