(a) The board shall provide a report to the Legislature by March 1, 2022, regarding the uses and outcomes of the funds provided in the 2020 Budget Act. The report shall include, at a minimum, the following information:
(1) The amount of funding provided for each of the following: training curriculum, microgrants, community education and outreach, program evaluation, and program administration.
(2) The number of microgrant applications, the number of awarded grants, and the average dollar amount of the grant.
(3) The geographic distribution of grants and activities.
(4) The number of people enrolled in the SEED entrepreneurial training.
(5) The number of people who completed the SEED entrepreneurial training.
(6) Evaluation of the effectiveness of the SEED entrepreneurial training, outreach, and materials developed.
(7) The types of industries and business sectors in which the microgrants were made.
(b) (1) A report to be submitted pursuant to subdivision (a) shall be submitted in compliance with Section 9795 of the Government Code.
(2) Pursuant to Section 10231.5 of the Government Code, this section is inoperative four years following the date upon which the bill adding this section, as enacted, becomes operative, and is repealed on January 1 of the following year.
(Added by Stats. 2020, Ch. 14, Sec. 10. (AB 82) Effective June 29, 2020. Section inoperative June 29, 2024. Repealed as of January 1, 2025, by its own provisions.)