Requiring certain disclosures from private entities that receive state funding.

HB 2672 requires private organizations (like nonprofits under IRS 501(c)) receiving state-funded grants to disclose specific information on a standardized form. This includes details about high-paid employees ($100,000+), staff with past public office, board members and their compensation, political contributions from the last four election cycles, and how grant funds will be spent. State agencies must collect these disclosures during grant applications or renewals, send all completed forms to the Office of Financial Management, and ensure compliance. Noncompliance results in losing the grant and repaying all funds, while the Office will maintain a public database of all disclosures. The bill directly affects grant-seeking private entities and state agencies administering such funding.