(a)
There is hereby established the Social Innovation Financing Program.
(b)
The board shall administer the Social Innovation Financing Program.
(c)
(1)The board shall solicit proposals for social innovation financing from county boards of supervisors and shall select three counties to receive grant funding.
(2)
Before awarding a grant pursuant to
paragraph (1), the board shall evaluate the quality of the proposal for which the grant is to be awarded.
(3)
At a minimum, each application for a grant shall include all of the following:
(A)
A description of the proposed social program.
(B)
A description of the organization’s experience in providing the proposed social program.
(C)
A description of the financial stability of
the organization.
(D)
An identification of each component of the social program to be provided.
(E)
A description of the manner in which the social program will be provided.
(F)
A description of the recruitment or selection process, or both, for participants in the social program.
(G)
The proposed quantifiable results and performance thresholds upon which success of the social program will be measured.
(H)
An itemization of all expenses proposed to be reimbursed under the contract.
(I)
The amount of matching funds provided by the county.
(J)
A description of how the final payments for successful programmatic outcomes will be calculated and structured in the contract.
(K)
A description of all parties to the proposed contract, including prospective investors and philanthropic foundations.