A 3492
Establishes certain requirements for State and local governments awarding contracts or grants to nonprofit organizations.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes requirements for State and local governments when awarding contracts and grants to nonprofit organizations. It mandates the creation of a database for nonprofits to submit relevant documentation, sets a de minimis indirect cost rate of 15% for eligible nonprofits, and prohibits limiting reimbursements for indirect costs. The bill also requires agencies to align with federal cost principles, standardize reporting procedures, and adjust contract amounts based on the Consumer Price Index. Finally, it includes provisions for timely payments and prevents unilateral changes to contract terms.
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