AB442

Section 9 of this bill requires a state entity that makes a grant to a private nonprofit corporation, which is defined in section 7 of this bill as a “state grant-making entity,” that does not make a payment that is due and payable under a written grant agreement within 30 calendar days after receipt of a proper invoice to: (1) provide written notice to the private nonprofit corporation of the reason for the delay in making the payment; and (2) submit an annual compilation of such records to the Director of the Office of Finance and the Director of the Legislative Counsel Bureau for transmittal to the Interim Finance Committee. Sections 2-6 of this bill define certain terms relating to these requirements. Existing law requires the Director of the Office of Federal Assistance, in consultation with the Nevada Advisory Council on Federal Assistance, to develop a State Plan for Maximizing Federal Assistance which is required to include, without limitation, methods for the effective administration of grants. (NRS 223.486) Section 11.7 of this bill requires the State Plan to include methods for the administration of advanced payments of grants to private nonprofit corporations. Section 11.3 of this bill authorizes the Office to coordinate and collaborate with state grant-making entities to identify certain policies, procedures and best practices that are related to the advanced payment of a grant and methods for compliance with certain federal regulations relating to grants. Sectio