Washington § 43.31.508 - Child care facility fund committee — Loans to child care facilities.

Full text of Washington Revised Code of Washington § 43.31.508 — Child care facility fund committee — Loans to child care facilities., with citation guidance and answers to common questions.

§ 43.31.508. Child care facility fund committee — Loans to child care facilities.

The child care facility fund committee is authorized, upon application, to use the child care facility fund to guarantee loans made to persons, businesses, or organizations to start a licensed child care facility, or to make capital improvements in an existing licensed child care facility.
(1) Loan guarantees shall be awarded on a one-time only basis, and shall not be awarded for loans to cover operating expenses beyond the first three months of business.
(2) The total aggregate amount of the loan guarantee awarded to any applicant may not exceed twenty-five thousand dollars and may not exceed eighty percent of the loan.
(3) The total aggregate amount of guarantee from the child care facility fund, with respect to the guaranteed portions of loans, may not exceed at any time an amount equal to five times the balance in the child care facility fund.
[ 1989 c 430 s 6.]

Notes

Legislative findings—Severability—1989 c 430: See notes following RCW 43.31.502.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 43.31.508

What does Revised Code of Washington § 43.31.508 cover?

Section 43.31.508 ("Child care facility fund committee — Loans to child care facilities.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 43.31.508?

A common citation format is "Revised Code of Washington § 43.31.508" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

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Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

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