The bill establishes the Office of Inspector General as an independent administrative agency within the state government, tasked with investigating the management and operations of state agencies to prevent and detect fraud, waste, abuse, and mismanagement of public funds. The office will operate independently of the governor's authority, although it will be administratively assigned to the governor's office.

The bill defines key terms such as "abuse," "corruption," and "fraud," and outlines the powers and duties of the inspector general, which include receiving and investigating complaints, issuing reports, and educating agencies on preventing misconduct. The inspector general will have jurisdiction over all officials, officers, and employees in the executive branch and will be empowered to conduct investigations, issue subpoenas, and employ certified police officers for criminal investigations.

Additionally, the bill creates a fourteen-member independent commission responsible for appointing the inspector general, who will serve an eight-year term. The confidentiality of records and proceedings is emphasized, with penalties for violations of confidentiality. The act will take effect upon passage.