This bill mandates the Auditor of Public Accounts to investigate and report quarterly to the Legislature on any impoundment of funds by the Governor or any executive branch official or employee. The term "impoundment of funds" is defined as the delay or withholding of funds appropriated by the Legislature due to actions or inactions directed by the Governor. The Auditor's report must include detailed information such as the amount of funds impounded, relevant dates, the duration of the impoundment, the affected government department, reasons for the impoundment, and its estimated fiscal and budgetary effects.

Additionally, the bill allows any member of the Legislature, state agency, or eligible recipient of public funds to file a complaint regarding impoundment with the Auditor. The act is declared an emergency measure, taking effect immediately upon passage and approval.