This bill establishes and reestablishes agency ancillary funds, specifically internal service funds, auxiliary accounts, or enterprise funds for various state institutions, officials, and agencies in Louisiana. It appropriates funds for the Fiscal Year 2024-2025, detailing the use of these funds for working capital in public service, auxiliary service, and interagency service operations. The bill mandates that all receipts be deposited in the state treasury and disbursements made by the state treasurer, ensuring compliance with public bid laws. Additionally, it outlines the management of fund equity, allowing for the transfer of unexpended cash balances to the next fiscal year and requiring agencies to liquidate assets if not reestablished.

The bill also includes provisions for the internal auditing function within agencies with significant appropriations, requiring the inclusion of a chief audit executive to ensure adherence to professional standards. It specifies that all performance objectives and indicators must be adjusted to reflect appropriated funds and establishes definitions for "working capital." Furthermore, it allows for the transfer of functions and resources between departments to optimize operations and achieve cost savings. The bill is set to take effect on July 1, 2024.