Establishing invoicing and prompt payment requirements for certain State grants; defining "grant" as a legal instrument of financial assistance between a State grant-making entity and a nonprofit organization exempt from taxation under § 501(c) of the Internal Revenue Code that is used for certain purposes, distinguished from a cooperative agreement in a certain manner, and executed, renewed, or extended on or after June 1, 2023; etc.

Statutes affected:
Text - First - State Finance and Procurement - Grants - Prompt Payment Requirement: 2-211 State Finance and Procurement
Text - Third - State Finance and Procurement - Grants - Prompt Payment Requirement: 2-211 State Finance and Procurement