The General Assembly Raised Bill No. 5425 aims to enhance oversight of state spending by requiring the Office of Fiscal Analysis to conduct a review of appropriations from funds other than the General Fund. This review will focus on identifying areas where appropriations have increased by ten percent or more compared to the previous biennium. The findings of this review are to be submitted to the relevant joint standing committee by February 1, 2027, ensuring that the legislature is informed about significant changes in spending.
The bill introduces new legal language that establishes this review process, effective July 1, 2026, while deleting any previous provisions that may have been related to this topic. The intent of the bill is to promote transparency and accountability in the management of state funds, particularly those outside the General Fund, thereby allowing for better fiscal planning and oversight.