Section 15.01 - Scope, Purpose, and Applicability(1) The Early Education and Out of School Time (EEOST) Capital Fund (Fund) was created by An Act Financing the Production and Preservation of Housing for Low- and Moderate-income Residents, St. 2013, c. 129, §§ 2 (Budget Line Item 3000-0400) and 3, and reauthorized by St. 2018. c. 99, §§ 2 (Budget Line Item 3000-0410), 3, and 4. The statute authorizes the Department of Early Education and Care (EEC) to administer up to $45 million in general obligation bond funds for grants to develop eligible facilities for use as licensed Large Group and School Age Child Care Programs as defined in 606 CMR 7.00: Standards for the Licensure or Approval of Family Child Care; Small Group and School Age and Large Group and School Age Child Care Programs.(2) The EEOST Capital Fund provides grants to tax-exempt nonprofit corporations or organizations in which a nonprofit corporation has a controlling interest, which shall use such grant funds to develop and/or rehabilitate eligible facilities in which at least 50% of the slots in the facility shall serve low-income families who are eligible for public subsidy.Adopted by Mass Register Issue 1266, eff. 8/1/2014.Amended by Mass Register Issue 1385, eff. 2/22/2019.Amended by Mass Register Issue 1460, eff. 1/7/2022.Amended by Mass Register Issue 1461, eff. 1/7/2022.Amended by Mass Register Issue 1485, eff. 12/23/2022.Amended by Mass Register Issue 1515, eff. 2/16/2024.