Establishes an outcome-based investment grant pilot program with evaluation standards and reporting requirements.

This bill creates a framework for a grant administering agency to award funding for projects using measurable outcomes. It defines terms, establishes evaluation standards, and requires grant applicants to submit a pre-analysis plan identifying expected outcomes and metrics. The Office of the Legislative Auditor General is tasked with establishing evaluation standards and requirements, and independent evaluators must assess the results of any independent evaluations of a grant project. The administering agency must report annually to a relevant legislative appropriations subcommittee.

Establishes an outcome-based investment grant pilot program with evaluation standards and reporting requirements.

This bill creates a framework for a grant administering agency to award funding for projects using measurable outcomes. It defines terms, establishes evaluation standards, and requires grant applicants to submit a pre-analysis plan identifying expected outcomes and metrics. The Office of the Legislative Auditor General is tasked with establishing evaluation standards and requirements, and independent evaluators must assess the results of any independent evaluations of a grant project. The administering agency must report annually to a relevant legislative appropriations subcommittee.