Bill No. 1433 aims to re-create the "Special Investigative Unit Auditing Revolving Fund" within the State Treasury, designated for the State Auditor and Inspector. This fund will be a continuous source of financing, not limited by fiscal year constraints, and will consist of various revenue sources, including funds withheld from municipal gasoline tax allocations, legislative appropriations for investigative municipal audits, and remaining funds from the previously established Special Investigative Unit Auditing Revolving Fund. The bill allows the State Auditor and Inspector to budget and expend these funds to cover expenses related to special investigative audits of municipal governments.

The bill also includes provisions for the management of expenditures from the fund, which will be made through warrants issued by the State Treasurer, following claims filed with the Director of the Office of Management and Enterprise Services for approval. The act is set to take effect on July 1, 2025, and includes an emergency clause, indicating its immediate necessity for public safety and governance.