KLS Keeping Law Simple Legislation in plain English

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SB263 • 2026

CHILD CARE FACILITY LOAN FUNDS

An Act repealing the child care facility revolving loan fund; repealing the child care facility revolving loan fund foreclosure expense account; repealing the child care facility revolving loan fund program; and providing for an effective date.

Children
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
SENATOR KAUFMAN
Last action
2026-03-13
Official status
(S) FIN
Effective date
Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Repealing Child Care Facility Loan Programs

This act removes several laws related to child care facility loan programs and sets a date for when the changes take effect.

What This Bill Does

  • Removes the law about the child care facility revolving loan fund.
  • Gets rid of the account used for expenses when loans are not paid back.
  • Eliminates the program that supports these loan funds.
  • Sets July 1, 2026, as the date when these changes start.

Who It Names or Affects

  • People and organizations involved in child care facility loans

Terms To Know

Revolving loan fund
A type of loan program where money is recycled to provide ongoing financial support.

Limits and Unknowns

  • The bill does not specify what will happen to existing loans or how people affected by the changes will be helped.
  • It's unclear if there are other programs that depend on these loan funds being removed.

Bill History

  1. 2026-03-13 1929

    (S) REFERRED TO FINANCE

  2. 2026-03-13 1929

    (S) FN1: ZERO(CED)

  3. 2026-03-13 1929

    (S) NR: DUNBAR, YUNDT

  4. 2026-03-13 1929

    (S) DP: BJORKMAN, GRAY-JACKSON

  5. 2026-03-13 1929

    (S) L&C RPT 2DP 2NR

  6. 2026-03-11 Text

    (S) Moved SB 263 Out of Committee

  7. 2026-03-11 Text

    (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

  8. 2026-03-09 Text

    (S) Heard & Held

  9. 2026-03-09 Text

    (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)

  10. 2026-02-23 1755

    (S) L&C, FIN

  11. 2026-02-23 1755

    (S) READ THE FIRST TIME - REFERRALS

Official Summary Text

CHILD CARE FACILITY LOAN FUNDS
An Act repealing the child care facility revolving loan fund; repealing the child care facility revolving loan fund foreclosure expense account; repealing the child care facility revolving loan fund program; and providing for an effective date.

Current Bill Text

Read the full stored bill text 
SB0263A -1- SB 263
New Text Underlined [DELETED TEXT BRACKETED]

34-LS1443\A

SENATE BILL NO. 263

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - SECOND SESSION

BY SENATOR KAUFMAN

Introduced: 2/23/26
Referred: Labor and Commerce, Finance

A BILL

FOR AN ACT ENTITLED

"An Act repealing the child care facility revolving loan fund; repealing the child care 1
facility revolving loan fund foreclosure expense account; repealing the child care facility 2
revolving loan fund program; and providing for an effective date." 3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 4
* Section 1 . AS 44.33.240, 44.33.242, 44.33.245, 44.33.255, 44.33.260, 44.33.270, 5
44.33.272, and 44.33.275 are repealed. 6
* Sec. 2. This Act takes effect July 1, 2026. 7