The bill establishes the State Government Employee-Driven Efficiency Initiative, which empowers employees of various State entities to report perceived instances of waste, fraud, or inefficiency to the Office of the State Comptroller. The Comptroller is tasked with investigating these reports and, if validated, collaborating with the relevant department heads to create a corrective plan. Employees who submit valid claims will be eligible for an incentive payment equal to five percent of the savings generated from the implemented plan, with a minimum payment of $500. This initiative aims to leverage the insights of State employees to enhance government efficiency and address the State's budgetary challenges.

Additionally, the bill mandates the creation of an electronic and printable form for employees to submit their claims, ensuring anonymity for those who wish to remain confidential. The form will require identification of the employee and a detailed explanation of the reported issue, and it will be accessible via a prominently displayed link on the websites of State entities. Personal identifying information on submitted forms will be protected from disclosure under the open public records act. This initiative is particularly timely as the State faces a significant structural deficit and seeks to implement cost-saving measures.