This bill establishes a new chapter in the law, specifically Chapter 17-T, which creates a Joint Legislative Oversight Committee. The committee will consist of 2 members designated by the governor, 6 members from the Senate appointed by the president in consultation with the minority leader (with a limit of 3 members from any one party), and 6 members from the House of Representatives appointed by the speaker in consultation with the minority leader (also limited to 3 members from any one party). The committee will have the authority to conduct independent audits and investigations of state agencies, issue subpoenas, compel document production, and require agency officials to testify. Members will not receive compensation but will be reimbursed for expenses incurred while on official business.

Additionally, the committee is required to submit oversight reports at least once every two years, with the first report due on or before December 1 in each even-numbered year. These reports will be made public and delivered to the governor, council, and presiding officers of both houses. The bill specifies that it will take effect on July 1, 2026. There are no deletions from current law noted in the text provided.