Subjects "publicly funded entities" to investigations by the State Auditor, and defines such entities as "any individual, private corporation, institution, association, board, or other organization that receives, disburses, or otherwise handles State or federal funds"; requires the State Auditor to investigate allegations of improper governmental activities of State agencies and employees and publicly funded entities, including misappropriation, mismanagement, or waste of State resources, fraud, violations of State or federal law, rule or regulation by State agencies or State employees administering State or federal programs, and substantial and specific danger to the public health and safety; provides for referrals to proper authorities when actionable allegations surface; provides State Auditor with access to persons, records, papers, reports, vouchers, correspondence, books, databases, datasets, digital records, and any other documentation in possession of a publicly funded entity that pertains to either amounts received under a State, federal, or local government grant or contract, or amounts received, disbursed, or handled on behalf of the State, federal or a local government, and where these funds pay for social or medical services, it allows the State Auditor access to the records of recipients these services; allows State Auditor to examine and inspect all property, equipment, and facilities of any publicly funded entities if those items were paid for by State or federal funds; provides for injunctive relief if a person fails or refuses to provide the Auditor with access to persons and records, as required; limits the State Auditor's audit or investigation of a publicly funded entity to the State or federal funds it received, disbursed, or handled. UPDATE - new status.