The Transparency in Government Act establishes a State public finance website aimed at providing New Jersey residents with easy access to information regarding State revenues, expenditures, and bonded indebtedness. The act mandates the State Treasurer, in collaboration with the Chief Technology Officer, to design, develop, and maintain a searchable website that is free for public use. This website will include comprehensive data on annual State agency expenditures, revenues, and bonded debt, starting from fiscal year 2000 and continuing thereafter. The act ensures that the data is updated periodically but prohibits the removal of previously posted information. Additionally, it specifies that any data available in the central accounting and State payroll systems must be 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.

To support the development and oversight of the website, the act establishes the Public Finance Transparency Committee within the Department of the Treasury. This committee will consist of 13 members, including key State officials and representatives from the public and Legislature. The committee's responsibilities include advising the State Treasurer on website development, incorporating additional data, gathering public feedback, and issuing annual reports on the website's progress and utility. The act takes effect immediately, although the requirement for website accessibility will not be enforced until seven months after enactment.