An Act enhancing the effectiveness of nonprofits’ core mission work through full cost funding
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to improve how nonprofits operate by allowing them to be fully reimbursed for the costs associated with their work, including indirect costs like administrative expenses. Currently, many grants and contracts only cover direct costs, which can limit a nonprofit’s ability to effectively fulfill its mission. The legislation seeks to change this by ensuring that nonprofits receive full funding for all expenses related to their core activities. This would provide greater financial stability and allow nonprofits to focus on their intended purpose.
Key provisions
- Allows reimbursement of indirect costs in grants and contracts.
- Aims to support nonprofits’ core mission work.
- Addresses limitations in current funding models.
- Focuses on full cost coverage for nonprofits.
- Relates to State Administration and Regulatory Oversight.
Who is affected
- Nonprofit organizations
- Grant providers
- Government agencies
- Community organizations
Notable changes
- Shifts from direct cost reimbursement to full cost reimbursement.
- Addresses a potential barrier to nonprofit effectiveness.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Andres X. Vargas
Cosponsors
Andres X. Vargas
Arguments
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