The proposed bill establishes the Legislative Sunset Review Act, which aims to create a systematic process for reviewing state entities created by the Legislature. It introduces the Legislative Sunset Review Committee, responsible for evaluating these entities every five years, starting in 2027. The committee will consist of key legislative leaders and additional members to ensure geographic representation. The bill outlines the responsibilities of the committee, including the requirement for reviewable entities to submit detailed performance reports prior to their scheduled reviews. The committee will then assess these reports, hold public hearings, and make recommendations regarding the continuation or modification of the entities.

Additionally, the bill repeals several obsolete provisions and eliminates the Legislature's Planning Committee. It specifies that any unspent appropriations from terminated entities will revert to the General Fund, and it ensures that the termination of a reviewable entity does not affect any pre-existing rights or obligations. The act is set to become operative on January 1, 2026, and aims to enhance the efficiency and accountability of state government operations.