The Government Spending Transparency Act aims to enhance public access to information regarding state government expenditures, thereby promoting accountability and efficiency in the use of taxpayer funds. The Act mandates the establishment of an Internet-based portal by the State Treasurer, which will provide detailed information about expenditures made by various state entities, referred to as "Submitting Parties." This portal will include a comprehensive ledger of expenditures, searchable features, and the ability to download data, ensuring that taxpayers can easily access and understand how their money is being spent.

Additionally, the Act imposes responsibilities on Submitting Parties to assist in the development and maintenance of the database, while ensuring that confidential information is protected. The State Treasurer is tasked with creating annual agreements with relevant agencies to address data handling and security, and to develop standardized reporting procedures. The Act will take effect on November 1, 2025, and aims to empower citizens with the necessary tools to scrutinize government spending effectively.