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Citing this act as the “Public Resource Election Neutrality Act”; prohibiting state agencies from producing, disseminating, or funding certain public service announcements; prohibiting state agencies from using funds, resources, or personnel to influence, directly or indirectly, the outcome of statewide ballot initiatives; providing exceptions; providing that individuals who violate specified provisions may be subject to suspension, removal, or disciplinary action; authorizing the Legislature to reduce future appropriations to state agencies under specified conditions, etc.