The proposed bill establishes the Child Care Cash Fund, which will be administered by the Department of Health and Human Services. The fund aims to reinforce Nebraska's workforce, promote economic growth, and support families through sustained investment in the state's child care system. It emphasizes the importance of reliable funding for child care as a foundational economic infrastructure, highlighting its role in workforce participation, family stability, and positive child outcomes. The fund will primarily focus on preserving access to child care subsidies for eligible working families, ensuring continuity in child care for young children, and supporting the viability of child care providers in both urban and rural areas.

The Child Care Cash Fund will consist of transfers from the General Fund, private donations, and other legislative-directed funds. It will be utilized for various purposes, including ensuring continuity of care, timely payments to providers, and supporting reimbursement rates to promote provider stability. The fund is not intended to replace the state's required match for the child care subsidy. Additionally, the bill mandates the Department of Health and Human Services to submit an annual report to the Legislature detailing the fund's financial activities and the number of families and children served by the child care subsidy.