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Committee approves cap on legislative grants to protect smaller nonprofits
Commission on Finance and Budget, House of Representatives · June 25, 2024
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Summary
Proyecto de la Cámara 2099, approved by the committee June 24, 2024, would amend Ley 20-2015 to set a $400,000 maximum grant award from legislative impact-fund allocations, intended to prevent a few large recipients from crowding out smaller nonprofits.
On June 24, 2024, the House Committee on Finance and Budget approved Proyecto de la Cámara 2099, a measure that would amend Article 6 of Ley 20-2015 (Ley de Fondos Legislativo para el impacto comunitario) to set a $400,000 cap on grants awarded from legislative impact funds.
Committee members explained the policy rationale:…
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