AN ACT CONCERNING THE ESTABLISHMENT OF A HISPANIC AND COMMUNITIES OF COLOR NONPROFIT GROWTH AND STABILIZATION FUND.

HB 5579 establishes a state fund to provide grants for capacity-building support to nonprofit organizations serving Hispanic communities or communities of color. To qualify, organizations must be 50%+ Hispanic or communities of color, led by Hispanic, African-American, or Asian Pacific-American executives, have a $150,000+ annual budget, and provide culturally competent, language-accessible services. The fund will award grants for financial management training, board development, technology upgrades, and other operational improvements, with preference given to smaller organizations ($1 million budget cap) and those meeting cultural competence standards. Grants require progress reporting, staff training, and site visits to ensure accountability and measurable outcomes.