[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1685 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1685

To provide for the acquisition, construction, and improvement of child 
                care facilities, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 24, 2009

  Mrs. McCarthy of New York introduced the following bill; which was 
            referred to the Committee on Education and Labor

_______________________________________________________________________

                                 A BILL


 
To provide for the acquisition, construction, and improvement of child 
                care facilities, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Child Care Facilities Financing Act 
of 2009''.

SEC. 2. TECHNICAL AND FINANCIAL ASSISTANCE GRANTS.

    (a) Grant Authority.--The Secretary may make grants on a 
competitive basis to eligible entities in accordance with this section.
    (b) Application.--
            (1) In general.--To be eligible to receive a grant under 
        subsection (a), an eligible entity shall submit to the 
        Secretary an application at such time, in such form, and 
        containing such information as the Secretary may require by 
        rule.
            (2) Requirements.--The Secretary shall issue rules that 
        take into account the experience and success of eligible 
        entities in attracting private financing and carrying out the 
        types of activities for which grants under subsection (a) are 
        made.
    (c) Priority.--In making grants under subsection (a), the Secretary 
shall give priority to an applicant--
            (1) that has demonstrated experience--
                    (A) providing technical or financial assistance for 
                the acquisition, construction, or renovation of child 
                care facilities;
                    (B) providing technical, financial, or managerial 
                assistance to eligible child care providers; and
                    (C) securing private sources of capital financing 
                for child care or other low-income community 
                development; and
            (2) whose application proposes to assist eligible 
        recipients that serve--
                    (A) low-income areas, including--
                            (i) a community that--
                                    (I) is in a metropolitan area; and
                                    (II) has a median household income 
                                that is not more than 80 percent of the 
                                median household income of the 
                                metropolitan area; or
                            (ii) a community that--
                                    (I) is not in a metropolitan area; 
                                and
                                    (II) has a median income that is 
                                not more than 80 percent of the median 
                                household income of the State in which 
                                the community is located; or
                    (B) low-income individuals, including eligible 
                children.
    (d) Use of Funds.--
            (1) Capital fund.--Each eligible entity that receives a 
        grant under subsection (a) shall deposit the grant amount into 
        a child care capital fund established by the eligible entity.
            (2) Payments from funds.--Each eligible entity shall 
        provide technical or financial assistance (in the form of 
        loans, grants, investments, guarantees, interest subsidies, and 
        other appropriate forms of assistance) to eligible recipients 
        from the child care capital fund it establishes to pay for--
                    (A) the acquisition, construction, or improvement 
                of child care facilities;
                    (B) equipment for child care facilities; or
                    (C) technical assistance to eligible child care 
                providers to help them undertake facilities improvement 
                and expansion projects.
            (3) Loan repayments and investment proceeds.--An eligible 
        entity that receives a loan repayment or investment proceeds 
        from an eligible recipient shall deposit such repayment or 
        proceeds into the child care capital fund of the eligible 
        entity for use in accordance with this section.
            (4) Application.--To obtain assistance from an eligible 
        entity, an eligible recipient shall prepare and submit an 
        application to an eligible entity at such time, in such form, 
        and containing such information as the eligible entity may 
        require.

SEC. 3. DEFINITIONS.

    As used in this Act:
            (1) Child care facility.--The term ``child care facility'' 
        means a structure used for the care and development of eligible 
        children.
            (2) Child care services.--The term ``child care services'' 
        means child care and early childhood education.
            (3) Community development financial institution.--The term 
        ``community development financial institution'' has the meaning 
        given such term in section 103(5) of the Community Development 
        Banking and Financial Institutions Act of 1994 (12 U.S.C. 
        4702(5)).
            (4) Eligible child care provider.--The term ``eligible 
        child care provider'' has the meaning given such term in 
        section 658P of the Child Care and Development Block Grant Act 
        of 1990 (42 U.S.C. 9858n).
            (5) Eligible child.--The term ``eligible child'' has the 
        meaning given such term in section 658P of the Child Care and 
        Development Block Grant Act of 1990 (42 U.S.C. 9858n).
            (6) Eligible entity.--The term ``eligible entity'' means--
                    (A) a community development financial institution 
                certified by the Department of Treasury; or
                    (B) an organization that--
                            (i) is described in section 501(c)(3) of 
                        the Internal Revenue Code of 1986;
                            (ii) is exempt from taxation under section 
                        501(a) of such Code; and
                            (iii) has demonstrated experience in--
                                    (I) providing technical or 
                                financial assistance for the 
                                acquisition, construction, or 
                                renovation of child care facilities;
                                    (II) providing technical, 
                                financial, or managerial assistance to 
                                eligible child care providers; and
                                    (III) securing private sources of 
                                capital financing for child care or 
                                other low-income community development.
            (7) Eligible recipient.--The term ``eligible recipient'' 
        means--
                    (A) an eligible child care provider that provides 
                child care services to an eligible child;
                    (B) an organization seeking to provide child care 
                services to an eligible child; or
                    (C) an organization providing or seeking to provide 
                child care services to low-income children as 
                determined by the Secretary.
            (8) Equipment.--The term ``equipment'' includes--
                    (A) machinery, utilities, and built-in equipment, 
                and any necessary structure to house them; and
                    (B) any other items necessary for the functioning 
                of a child care facility, including furniture, books, 
                and program materials.
            (9) Metropolitan area.--The term ``metropolitan area'' has 
        the meaning given such term in section 102 of the Housing and 
        Community Development Act of 1974 (42 U.S.C. 5302).
            (10) Secretary.--The term ``Secretary'' means the Secretary 
        of Health and Human Services.

SEC. 4. AUTHORIZATION OF APPROPRIATIONS.

    There is authorized to be appropriated to carry out this section 
$50,000,000 for each of the fiscal years 2010 through 2014.
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