CA AB221

Expands the Tribal Nation Grant Fund to receive moneys from both tribal-state gaming compacts and class III gaming secretarial procedures, with the fund administered by the California Gambling Control Commission

Creates two grant categories: "equal shares grants" distributed in equal amounts to all eligible nongaming and limited-gaming tribes, and "specific distribution grants" for particular projects related to self-governance, community development, or economic development

Requires the panel to distribute $600,000 per eligible tribe or at least 85% of available fund moneys (whichever is greater) as equal shares grants, with quarterly distributions within 45 days of each fiscal quarter's end

Removes previous requirements that tribes encumber or expend grants within specified timeframes and eliminates the obligation to return unexpended grant funds

Prohibits grant funds from being used for per capita distributions to tribal members or for gaming-related investments