The bill establishes the State Government Employee-Driven Efficiency Initiative, which empowers employees of various State entities to report perceived waste, fraud, or inefficiencies to the Office of the State Comptroller. The Comptroller will investigate these reports, and if validated, will work 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 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 issue reported. It will be accessible via a prominently displayed link on the websites of all State entities, and personal identifying information will be protected from disclosure under the open public records act. This initiative is part of a broader effort to improve fiscal responsibility and efficiency within the State government.