Establishing a pilot program to advance funds to nonprofits to support grant performance.

Summary

The bill lets the Department of Commerce give up‑front cash to public‑benefit nonprofits that have recently received a state grant and need money to start the work. It targets smaller nonprofits (annual budgets under $5 million) and limits advances to 25 % of the grant or $200,000, whichever is less. A report on the program’s results must be delivered by September 1 2028, and the authority expires in mid‑2029.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share