Establishes the "over-expenditure, under-expenditure, transfer notification (OUT) act" to manage surplus funds and over-expenditures.

The bill enacts the "over-expenditure, under-expenditure, transfer notification (OUT) act" to manage surplus appropriated funds and over-expenditures by state agencies. State agencies must notify the governor, the comptroller, and the legislature of any surplus funds by April 15. The comptroller can approve the use or transfer of these funds by June 30, or they will be transferred to the general fund for debt reduction. If the legislature and governor do not act by May 31, the funds also transfer to the general fund.

Establishes the "over-expenditure, under-expenditure, transfer notification (OUT) act" to manage surplus funds and over-expenditures.

The bill enacts the "over-expenditure, under-expenditure, transfer notification (OUT) act" to manage surplus appropriated funds and over-expenditures by state agencies. State agencies must notify the governor, the comptroller, and the legislature of any surplus funds by April 15. The comptroller can approve the use or transfer of these funds by June 30, or they will be transferred to the general fund for debt reduction. If the legislature and governor do not act by May 31, the funds also transfer to the general fund.