Bill > S1540

This bill requires that any state agency approving a grant of over $500,000 to an individual or organization must submit a detailed cost-benefit analysis to the joint committee on state administration and regulatory oversight within 30 days of the grant's approval. This analysis must explain how the recipient was chosen, how many applications were received, whether the grant is expected to create or preserve jobs in the Commonwealth (meaning Massachusetts), and list all other state grants the recipient has received in the current fiscal year. The "joint committee on state administration and regulatory oversight" is a legislative committee responsible for overseeing state agencies and regulations.