Requires the Secretary of Administration to update Administrative Bulletin 5 – Policy for Grant Issuance and Monitoring to include a uniform formula and approval process for all state-funded grants for nonprofits to use an indirect rate higher than the standard de minimis rate; requires state agencies to execute grant agreements within 30 days; requires prompt payment to grantees within 30 days after receipt of a valid written request for payment; requires online form for grantees to provide notice of untimely agreements or payments; requires a publicly accessible database of nonconfidential information submitted by grantees; creates the Working Group on State Grant Processes to assess current grant awarding procedures; includes Common Good Vermont in the Working Group; requires a report.