Establishes the SAVI program to allow state agencies to retain unspent funds for innovation and cost savings.
The bill establishes the State Agency Value Initiative (SAVI) program to encourage innovation and cost savings among state agencies. It allows agencies to retain 50% of unspent appropriations from the previous biennium to fund specific projects or proposals. Agencies must ensure that project expenditures do not exceed the retained savings. Each participating agency must organize a peer review panel to determine which proposals receive funding.
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