(a) There is in the Department of Commerce, Community, and Economic Development the child care facility revolving loan fund to carry out the purposes of Alaska Stat. § 44.33.240 – 44.33.275. Except as provided in (b) and (c) of this section, the fund may not be used for any other purpose.

Terms Used In Alaska Statutes 44.33.240

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) The department may use money in the fund for costs of administering Alaska Stat. § 44.33.240 – 44.33.275.
(c) On June 30 of each fiscal year the unexpended and unobligated cash balance of the fund that is attributable to loans owned by the fund lapses into the general fund.
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