AN ACT TO REQUIRE STATE AGENCIES THAT ADMINISTER GRANTS TO ESTABLISH OBJECTIVES AND OUTCOMES RELATING TO THE PURPOSE OF THE GRANT; TO REQUIRE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO ESTABLISH A SCHEDULE FOR PERIODIC REVIEW OF ALL GRANT PROGRAMS ADMINISTERED BY STATE AGENCIES; TO PROHIBIT PREFERENCE TO CERTAIN GROUPS FOR GRANT AWARDS; TO PROHIBIT RECIPIENTS OF GRANT FUNDS FROM ENGAGING IN CERTAIN VOTER REGISTRATION ACTIVITIES; TO REQUIRE PRIMARY RECIPIENTS OF GRANT AWARDS TO SUBMIT DETAILED QUARTERLY FINANCIAL REPORTS; TO REQUIRE SIGNED DISCLOSURE STATEMENTS FROM EXECUTIVE OFFICERS AND MEMBERS OF THE GOVERNING BOARD OF RECIPIENTS DETAILING CERTAIN INFORMATION; TO REQUIRE PRIMARY RECIPIENTS AND SUBRECIPIENTS OF GRANT AWARDS TO UNDERGO AN ANNUAL COMPLIANCE AUDIT BY OR UNDER THE DIRECTION OF THE STATE AUDITOR; AND FOR RELATED PURPOSES.