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 include all funds withheld from municipal gasoline tax allocations, legislative appropriations for investigative municipal audits, and any remaining funds from the previously established Special Investigative Unit Auditing Revolving Fund. The appropriated funds will be utilized to cover expenses related to special investigative audits of municipal governments, with expenditures managed through warrants issued by the State Treasurer.

The bill also includes provisions for codification and establishes an effective date of July 1, 2025. Additionally, it declares an emergency, allowing the act to take effect immediately upon passage and approval, emphasizing the urgency of the measures outlined in the legislation.