- (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 AS 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.
- (b) The department may use money in the fund for costs of administering AS 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.