North Carolina HB 952: EMPLOYMENT STATUS/ELECTED OFFICIAL

Bill Text

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 952

Short Title: Comprehensive Capital for Childcare Expansion. (Public)
Sponsors: Representatives Helfrich, Crawford, Turner, and Rubin (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: Rules, Calendar, and Operations of the House
April 14, 2025
*H952-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO ESTABLISH THE NORTH CAROLINA CHILD CARE FINANCE AGENCY. 2
The General Assembly of North Carolina enacts: 3
SECTION 1.(a) The General Statutes are amended by adding a new Chapter to read: 4
"Chapter 122F. 5
"North Carolina Child Care Finance Agency. 6
"§ 122F-1. Short title. 7
This Chapter shall be known and may be cited as the "North Carolina Child Care Finance 8
Agency Act." 9
"§ 122F-2. Legislative findings and purposes. 10
(a) The General Assembly hereby finds and declares the following: 11
(1) That there exists in the State of North Carolina a serious shortage of accessible 12
and affordable child care. This statewide shortage severely impacts the State's 13
workforce and economy and is inimical to the health, safety, welfare and 14
prosperity of all residents of the State and to the sound growth of North 15
Carolina's economy. 16
(2) That private enterprise and investment have not been able to produce, without 17
assistance, the needed supply or rehabilitation of child care facilities to 18
provide sufficient child care for the State's workforce, including low-income 19
families. It is imperative that the supply of child care for families be increased; 20
and that private enterprise and investment be encouraged to sponsor, build, 21
rehabilitate, and operate child care for families to remove barriers to 22
employment and to foster health development for children. 23
(3) That the purposes of this Chapter are to provide financing for child care 24
construction, new or rehabilitated, for individuals providing high-quality child 25
care to families. 26
(4) That faith-based organizations are eligible for financing for child care 27
construction that provides high-quality child care. 28
(5) That businesses that make child care accessible to the their employees are 29
eligible for financing for child care construction that provides high-quality 30
child care. 31
(b) In accomplishing these public purposes, the North Carolina Child Care Finance 32
Agency, a public agency and an instrumentality of the State, is acting in all respects for the benefit 33
of the people of the State in the performance of essential public functions and serves a public 34
purpose in improving and otherwise promoting their health, welfare and prosperity. The North 35

General Assembly Of North Carolina Session 2025
Page 2 House Bill 952-First Edition
Carolina Child Care Finance Agency is empowered to act on behalf of the State of North Carolina 1
and its people in serving this public purpose for the benefit of the general public. 2
(c) Whenever feasible, the North Carolina Child Care Finance Agency shall prioritize the 3
following policy goals in its actions: 4
(1) Give first priority in its programs to assisting child care providers with fewer 5
than 10 facilities. 6
(2) Undertake its programs in the areas where the greatest child care needs exists. 7
(3) Give priority to projects for child care facilities with licenses that indicate 8
high-quality child care, as determined by the North Carolina Child Care 9
Commission. 10
(4) Incentivize child-care providers, including faith-based organizations, to 11
provide full-day child care. 12
(5) Encourage private employers to provide on-site child care to employees, and 13
provide advising on information for research-based solutions, including 14
methods and guides to financing facilities and child care providers as partners. 15
(6) Encourage apprenticeships with community colleges and other institutions of 16
higher education for child care workers. 17
"§ 122F-3. Definitions. 18
The following definitions apply in this Chapter: 19
(1) Agency. – The North Carolina Child Care Finance Agency created by this 20
Chapter. 21
(2) Bonds or notes. – The bonds or the bond anticipation notes or construction 22
loan notes authorized to be issued by the Agency under this Chapter. 23
(3) Child care facility. – As defined in G.S. 110-86. For the purposes of this 24
chapter, a child care facility does not include a residential dwelling where 25
child care is provided. 26
(4) Construction loan. – A loan made by a lending institution or by the Authority 27
to any person for the purpose of financing construction of a child care facility. 28
(5) Federally insured securities. – An evidence of indebtedness secured by a first 29
mortgage lien on child care centers and insured or guaranteed as to repayment 30
of principal and interest by the United States or any agency or instrumentality 31
thereof. 32
(6) Governmental agency. – Any department, division, public agency, political 33
subdivision, or