SECTION 1.  Chapter 12A of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by adding at the end thereof the following new section:

Section 16.  If the inspector general initiates an investigation, or participates in an investigation at the request of another public body, including but not limited to any federal agency, which leads to the recovery of funds, the inspector general may be awarded his reasonable investigative costs and expenses incurred in the investigation.  All such monies and proceeds received by the inspector general shall be deposited in the Inspector General Recovery Fund, established by section 2QQQ of chapter 29, and shall then be expended without further appropriation to defray the costs of investigations, to provide additional technical equipment or expertise, or such other purposes as the inspector general deems appropriate.

SECTION 2. Chapter 29 of the General Laws is hereby further amended by inserting after section 2PPP the following section:-

Section 2QQQ. There is hereby established and set up on the books of the commonwealth a separate fund to be known as the Inspector General Recovery Fund. There shall be credited to such fund all monies received by the inspector general pursuant to section 16 of chapter 12A. Amounts credited to such fund shall be expended by the inspector general, without further appropriation, to defray the costs of investigations, to provide additional technical equipment or expertise or such other purposes as the inspector general deems appropriate.