The U.S. budget bill enacted on February 9, 2018 provides funding for states and localities for pay-for-success projects and feasibility studies. Title VIII of the bill, titled “Supporting Social Impact Partnerships to Pay for Results,” authorizes the U.S. Treasury to award $100 million of competitive funding to states and local governments for “social impact partnership projects” that “produce one or more measurable, clearly defined outcomes that result in social benefit and Federal, State, or local savings.” The legislation also provides for up to $10 million of the total available funding to be awarded for feasibility studies to apply for project funding. READ MORE →