1. If a state grant-making entity does not make a payment for an amount that is due and payable by law under a written grant agreement with a private nonprofit corporation within 30 calendar days after receipt of a proper invoice, the state grant-making entity shall, as soon as practicable after that 30-day period, provide written notice to the private nonprofit corporation of the reason for the delay in making the payment.
2. On or before October 1 of each year, the state grant-making entity shall submit to the Director of the Office of Finance and the Director of the Legislative Counsel Bureau for transmittal to the Interim Finance Committee a compilation of the notices provided pursuant to subsection 1 during the immediately preceding fiscal year.