The General Assembly Raised Bill No. 7262 aims to enhance oversight of expenditures from the General Fund by mandating a review of appropriations for the fiscal year ending June 30, 2026. Specifically, the Office of Fiscal Analysis is tasked with identifying areas where appropriations have increased by ten percent or more compared to the previous fiscal year. The findings of this review must be submitted to the relevant joint standing committee by February 1, 2026.

This bill introduces new legal language that establishes the requirement for the review and specifies its effective date of July 1, 2025. Additionally, it includes a statement of purpose to clarify the intent behind the legislation, which is to ensure a thorough examination of General Fund appropriations. The bill does not propose any deletions from existing law, as indicated by the absence of any marked deletions in the text.