Social Impact Partnerships To Pay for Results Act Demonstration Projects

Resumo

The Department of the Treasury (Treasury) is issuing this Notice of Funding Availability (NOFA) to invite applications from State and local governments for awards under the Social Impact Partnerships to Pay for Results Act (SIPPRA).\1\ An award recipient will receive payment if a specified outcome of the social impact partnership project is achieved, as determined by the project's independent evaluator. The payment to the grantee cannot exceed the value of the outcome to the federal government. Awards made under this NOFA will be administered by Treasury or by another federal agency with expertise in the area of social benefit addressed in the proposed project. Treasury expects to award up to $66,290,000 in such competitive project grants under this NOFA. In addition, State and local governments receiving project grants will be eligible to receive up to 15 percent of the project grant to pay for all or a portion of the cost of a statutorily required independent evaluator, which will be paid to conduct an independent evaluation regardless of whether outcomes have been met. Treasury expects up to approximately $9,940,000 to be available to pay for the costs of independent evaluators