Community Revitalization Grant Program Funding

To provide additional funding for the community revitalization grant program, the act requires the state treasurer to transfer $20 million from the economic recovery and relief cash fund to the community revitalization fund on July 1, 2022. On and after the effective date of the act, for-profit entities and organizations are no longer eligible to receive grants through the program.

(Note: This summary applies to this bill as enacted.)