The bill establishes the "Innovation in State Government Fund," a nonreverting fund created to support state agencies in developing master plans and enhancing their capacity to implement climate change policies. The fund will be administered by the Department of Finance and Administration and will consist of various sources of revenue, including appropriations and donations. The bill outlines specific purposes for which the fund can be utilized, such as achieving net-zero emissions, implementing sustainable economic policies, and providing technical support for climate change-related funding applications. Additionally, it allows for the appropriation of funds to the general fund in case of a deficit, ensuring that necessary appropriations can be met without creating an unconstitutional deficit.

The bill also includes a transfer of $10 million from the general fund to the Innovation in State Government Fund and specifies appropriations for various state agencies. A total of $2.5 million is allocated to the Department of Environment and the Energy, Minerals and Natural Resources Department, while $1 million is designated for the Department of Transportation, the Economic Development Department, the Workforce Solutions Department, the Public Regulation Commission, and the State Land Office. Any unspent balances from these appropriations at the end of fiscal year 2027 will revert back to the Innovation in State Government Fund.