Creates a new Grant-in-Aid Subcommittee of the Joint Finance Committee; requires recipients to be nonprofits or government organizations, in operations for at least 2 years; nonprofit recipients must have an active, community-represented volunteer Board; requires recipients to offer programs that are unduplicated by other state-supported agencies or satisfy unmet community needs; requires recipients to have accounting and budget procedures and have their financials audited, reviewed, or compiled by a CPA within the past 3 years, or to submit a justification for not meeting this criterion; requires recipients to fund at least half of their operations through revenue other than grants-in-aid; prohibits the use of grant-in-aid funding for capital equipment, specified real estate purposes, lobbying or partisan political activity, and programs benefitting non-residents of the state. AMENDED to allow grant-in-aid funds to be used for childcare.