The bill would require executive agencies to reduce cost-sharing requirements by 25 percent for grants made directly to certain nonprofit organizations. Eligible organizations must be tax-exempt 501(c)(3) nonprofits located in a state or other covered area where more than 20 percent of people live below the federal poverty line. The requirement would apply for five years after the bill becomes law. The bill was introduced and referred to a House committee.
If you are part of an eligible nonprofit, you may be required to contribute less toward a grant made directly to your organization. The bill does not cover every nonprofit or every grant.
The bill text provides no estimate of federal costs. It would reduce the cost-sharing requirement for eligible organizations by 25 percent.
No publicly available information.
No publicly available information.