Vermont H0233 establishes a working group to assess state grant processes and requires updates to grant execution and payment timelines.

Vermont H0233 creates a Working Group on State Grant Processes to evaluate the state's current grant awarding procedures. The group will assess funding levels, the impact of delayed reimbursements, and best practices for grant execution and payment. The Secretary of Administration must update Administrative Bulletin 5 to include a process for nonprofits to use an indirect rate higher than the de minimis rate. Granting agencies must execute grant agreements within 30 days of appropriation or award notice and pay grantees within 30 days of a valid payment request.

Vermont H0233 establishes a working group to assess state grant processes and requires updates to grant execution and payment timelines.

Vermont H0233 creates a Working Group on State Grant Processes to evaluate the state's current grant awarding procedures. The group will assess funding levels, the impact of delayed reimbursements, and best practices for grant execution and payment. The Secretary of Administration must update Administrative Bulletin 5 to include a process for nonprofits to use an indirect rate higher than the de minimis rate. Granting agencies must execute grant agreements within 30 days of appropriation or award notice and pay grantees within 30 days of a valid payment request.