Establishing a pilot program to advance funds to nonprofits to support grant performance.
First reading, referred to State Government, Tribal Affairs & Elections.
Summary
The bill lets the Department of Commerce provide one‑time advance payments to public‑benefit nonprofits that have recently received a state grant, up to 25 % of the grant or $200,000, whichever is lower. It targets organizations with annual budgets under $5 million that have a three‑year track record in the grant’s focus area and have performed satisfactorily on past grants. The program includes equity‑focused application procedures, a required contract, and a performance report due by September 1 2028.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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