AB 1039
State-funded assistance grants and contracts: advance payments.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes how California state agencies can provide advance payments to organizations receiving grants and contracts. It simplifies the process by removing requirements to prioritize certain recipients and streamline the payment request process. The bill also limits the requirement for recipients to deposit advance payments in a federally insured account to amounts over $10,000, and requires grant solicitations to clearly state the percentage of funds that can be advanced.
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