This bill modifies provisions related to federal funds procedure. This bill: - increases the approval thresholds for new federal funds requests; - for specified high-dollar federal funds requests, requires the agency to submit the federal funds request to:the Executive Appropriations Committee for review and recommendation before submitting the federal funds request to the federal government; andthe Legislature for final approval within a specified time period; - directs the president of the Senate and the speaker of the House of Representatives to establish a legislative oversight committee for each approved high-dollar federal funds request; and - provides the duties and membership of a legislative oversight committee.

Statutes affected:
Introduced: 63J-5-202, 63J-5-203, 63J-5-203.5, 63J-5-204