Requires agencies to issue grant agreements within 60 days of the effective date, review a bill or invoice within 30 days, and approve bills or invoices within 60 days; shortens the time frame between when bill is approved and when interest begins accruing to 60 days; applies an interest penalty if 1% for late payments; requires confirmation of receipt by the state of bills and invoices withing 5 days; applies the Prompt Payment Act (PPA) to all community-based organizations; requires grant agreements to specify payment dates and whether a grant is eligible under the PPA or for advanced payment; amends the Grant Accountability and Transparency Act (GATA) to remove arbitrary caps on fringe benefits and prevents state agencies from limiting indirect costs in contracts or grant agreements to less than 20% or the federally negotiated rate; applies timelines to every stage of the Court of Claims (COC) process; requires the COC to create an online portal; allows diversion of undisputed lapsed appropriation claims of less than $2500; allows state agencies to pay claims from any appropriated funding source; companion to SB 1778.