The proposed bill establishes an independent Office of Inspector General in the State of Rhode Island, as detailed in the newly added Chapter 9.4 to Title 42 of the General Laws. This office is designed to prevent and detect fraud, waste, abuse, and mismanagement in the expenditure of public funds across state programs. Key provisions include the appointment of the inspector general for a five-year term by a majority vote of the governor, attorney general, and general treasurer, with specific qualifications required for the role. The bill also outlines the inspector general's authority to conduct audits, investigations, and oversight reviews, as well as the process for issuing subpoenas and accessing necessary records.

Additionally, the bill emphasizes the confidentiality of investigations and the rights of individuals subpoenaed, including the right to legal counsel and protection against self-incrimination. It mandates the inspector general to prepare annual and interim reports summarizing activities and recommendations, which will be shared with government officials and made public while maintaining confidentiality for individuals involved. The act aims to enhance accountability and transparency in government operations, with penalties established for violations of confidentiality provisions. Overall, the legislation seeks to strengthen the oversight capabilities of the inspector general to ensure responsible management of public funds.