The Transparency in Government Act establishes a State public finance website aimed at providing residents with easy access to information regarding State revenues, expenditures, and bonded indebtedness. The State Treasurer, in collaboration with the Chief Technology Officer and the newly formed Public Finance Transparency Committee, is tasked with designing, developing, and maintaining a searchable website that will include data on annual State agency expenditures, revenues, and bonded debt, starting from fiscal year 2000 onward. The website must be accessible to the public at no charge and will be updated periodically, although previously posted data cannot be removed. Additionally, the bill ensures that any data available in the central accounting and State payroll systems is made accessible on the website within 45 days after the end of the fiscal year, while also protecting private or confidential information as defined by law.

The Public Finance Transparency Committee, established within the Department of the Treasury, will consist of 13 members, including representatives from the State Treasurer's office, the Chief Technology Officer, State agencies, the general public, and the Legislature. This committee will advise the State Treasurer on the website's development and expansion, seek public feedback, and issue annual reports on the website's progress and utility. The act is set to take effect immediately, with the website accessibility requirement commencing on the first business day of the seventh month following enactment.