AN ACT CONCERNING A CHILD CARE SERVICES LOAN PROGRAM.

SB 1400 creates a low-interest loan program administered by Connecticut's Health and Educational Facilities Authority (CHEFA) to help families cover child care costs. The program offers loans up to $5,000 per loan, with a lifetime maximum of $25,000 per borrower, and requires income-based repayment options. CHEFA will set application requirements and underwriting standards for the loans. The bill does not allocate new state funds, relying on existing authority and available resources to cover program costs.