Treasury Department
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 (the "Act"). 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 Awardee must be less than or equal to the value of the outcome to the federal government over a period not exceeding ten years from the date implementation commences. Awards made under this NOFA will be administered by Treasury or by another federal agency with expertise in the social benefits addressed in the proposed project. Treasury expects to award up to approximately $40.9 million in such competitive project grants under this NOFA. Treasury will prioritize projects that directly benefit children in order to meet the statutory threshold that 50 percent of awarded funds be used on awards that directly benefit children. In addition, State and local governments receiving project grants will be eligible to receive a grant for up to 15 percent of the project grant amount to pay for all or a portion of the cost of a statutorily required independent evaluation, which will be paid regardless of whether outcomes have been met. Treasury expects up to approximately $6.1 million to be available to pay for the costs of independent evaluations under this NOFA.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Notice of Funding Availability (NOFA): Social Impact Partnerships to Pay for Results Act (SIPPRA) Projects. Announcement Type: Initial announcement. Funding Opportunity Number: UST-SIPPRA-2024-002. Catalog of Federal Domestic Assistance (CDFA) Number: 21.017. Application Deadline: Applications under this NOFA must be submitted no earlier than February 12, 2024 and no later than 11:59 p.m. Eastern Time April 15, 2024 electronically via www.Grants.gov . Funding Ceiling: $47 million ($40.9 million for social impact projects, $6.1 million for evaluations). Period of Performance: Expected 48-60 months but project dependent. Anticipated Time to Awards: October 15, 2024. There will not be a rolling review. For More Information: Potential applicants are advised to review the Federal Register Notices for previous awards and other materials at https://home.treasury.gov/​services/​social-impact-partnerships/​sippra-pay-for-results . Questions may be directed to Matthew Cook, SIPPRA Director, at SIPPRA@treasury.gov . Summary: 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 (the “Act”). 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 pay…
Citation: 88 FR 83621
