The Department of Finance and Administration is hereby authorized and directed to
establish an innovation incentive program whereby agencies which develop and implement
innovative cost saving measures can receive both public commendation and monetary
reward in recognition of their efforts. The Department of Finance and Administration shall develop policies and procedures
as may be required in order to properly administer said program and such policies
and procedures shall include the development of evaluation criteria by which the cost
saving results of the various innovations can be calculated and compared against the
innovations of other agencies. The Department of Finance and Administration shall make all agencies aware of the
innovation incentive program and shall encourage the participation of agencies in
The Department of Finance and Administration shall submit its recommendations for
innovation incentive awards to the Legislature for consideration on or before January
1 of each year. The recommendations of the Department of Finance and Administration shall include
the following items of information: (a) proposed recipients of awards, (b) the proposed
amount of the monetary award, and (c) the proposed manner in which the monetary award
should be made available to the recipient. The Legislature may hold hearings in regard to the innovations recommended for consideration
by the Department of Finance and Administration and may, in its discretion, appropriate
funds to reward agencies for innovations.
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