This bill appropriates $500,000 to the Secretary of State for the fiscal year ending June 30, 2023, specifically for the development of a new Business and Commercial Services IT System. The funding will be sourced from the General Revenue Allotment Reserve Fund, which will be transferred to the Secretary of State's cash fund upon the act's effective date. The bill emphasizes compliance with existing fiscal control laws and regulations during the disbursement of these funds.

Additionally, the bill includes an emergency clause, stating that the funds are necessary for the Secretary of State to continue providing essential governmental services due to unforeseen circumstances that have rendered current funding insufficient. This clause ensures that the act will take effect immediately upon passage and approval, highlighting the urgency of the funding to maintain essential operations.