The bill introduces the creation of a new chapter, Chapter 9.4, titled "Inspector General," within Title 42 of the General Laws, aimed at establishing an office to prevent and detect fraud, waste, abuse, and mismanagement in the expenditure of public funds. It defines the scope of the inspector general's oversight by clarifying terms such as "construction," "contract," and "public funds." The bill specifies the appointment process, qualifications, and powers of the inspector general, including the ability to appoint staff, manage the office's budget, and conduct audits and investigations. It also prohibits office employees from engaging in political activities during and for one year after their term.

The bill grants the inspector general the authority to issue subpoenas for testimony or documents, with confidentiality provisions similar to grand jury proceedings. It outlines the rights of witnesses and the process for challenging subpoenas in court. The inspector general is required to report annually to the state, with provisions to protect the identities of individuals or corporations in unresolved cases. The bill also includes whistleblower protections and establishes an anonymous hotline for reporting misconduct. The act will take effect upon passage, with the general assembly responsible for setting the inspector general's salary and budget.