Revises provisions governing grants made by the State. (BDR 31-433)

AB 75 requires state agencies to pay nonprofit organizations (specifically those tax-exempt under IRS 501(c)) within 37 days of receiving a proper invoice for services or performance under a grant agreement. If payments are delayed beyond 30 days after invoice receipt, agencies must pay 9% annual interest on overdue amounts, starting on day 38. The bill excludes payments to the Judicial/Legislative branches, higher education institutions, and certain public works grants, and does not apply to grants executed before July 1, 2025. It also allows digital processing of invoices with safeguards to prevent duplicate payments.