This bill proposes the repeal of the child care facility revolving loan fund, including the associated foreclosure expense account and program. Specifically, it seeks to eliminate sections AS 44.33.240, 44.33.242, 44.33.245, 44.33.255, 44.33.260, 44.33.270, 44.33.272, and 44.33.275 from current law, effectively discontinuing the state's financial support structure for child care facilities through this loan fund.

The bill also establishes an effective date for these changes, set for July 1, 2026. By repealing these provisions, the legislation aims to streamline state resources and potentially redirect funding to other areas of need within the child care sector or broader community services.