Legislation
- Title
- State Finance and Procurement - Grants - Prompt Payment Requirement
- Sponsored by
- Senator Kagan
- Status
- Approved by the Governor - Chapter 154
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Establishing invoicing and prompt payment requirements for certain State grants; defining "grant" as a legal instrument of financial assistance between a State grant-making entity and a nonprofit organization exempt from taxation under § 501(c) of the Internal Revenue Code that is used for certain purposes, distinguished from a cooperative agreement in a certain manner, and executed, renewed, or extended on or after June 1, 2023; etc.
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Last Updated: 6/9/2023 2:57 PM