AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE AUDITORS OF PUBLIC ACCOUNTS.

SB 247 limits state agency payments to employees resigning or retiring, capping amounts over $50,000 unless tied to specific exceptions like disciplinary leave or collective bargaining. It prohibits agreements that restrict employees from reporting misconduct or sharing information under existing whistleblower laws. For state colleges and universities, the bill requires foundations to include elected student and faculty members as nonvoting board members, with student/faculty elections managed by institutional boards. The law directly affects state agencies, public colleges, and employees covered by these payment and foundation rules, effective October 1, 2026.