Synopsis As Introduced Creates the Member Initiative Sunshine Act. Prohibits any officer, employee, or agent of the State from expending funds for certain State projects unless funding for that project has first been approved by the Member Initiative Review Panel. Creates the Member Initiative Review Panel consisting of the Governor, the State Comptroller, and the State Treasurer or their designees. Sets forth procedures by which the Panel reviews certain State projects. Requires the Panel to issue a written report concerning the Panel's activities to the Governor and to each legislative leader at the end of each fiscal quarter.