Establishes the New York state youth sports initiative grants fund

This bill establishes the New York State Youth Sports Initiative Grants Fund to provide financial support to nonprofit youth sports organizations. The fund, managed by the state comptroller and commissioner of children and family services, will receive state appropriations and other designated funds to make grants to eligible organizations based on criteria set by the commissioner. Annual reports detailing fund operations, grant recipient profiles, and recommendations for future funding must be submitted to state leaders. The bill creates no new requirements for recipients beyond standard grant application rules and includes a $250 civil penalty for knowingly submitting false information.