This bill establishes the Outcome-based Investment Grant Pilot Program to provide grant funding for projects using measurable outcomes.
This bill:
- defines terms;
- establishes a framework for a grant administering agency to award grant funding for projects using measurable outcomes;
- requires the Office of the Legislative Auditor General to establish evaluation standards and requirements;
- requires grant applicants to submit a pre-analysis plan identifying expected outcomes and metrics;
- requires the use of independent evaluators to measure project outcomes;
- authorizes review of evaluation findings by the Office of the Legislative Auditor General;
- requires certain reporting from the administering agency to a relevant appropriations subcommittee; and
- establishes a sunset date for the program.

Statutes affected:
Introduced: 63I-1-263