Provides that in the case of a bargaining unit of employees in which the exclusive bargaining representative is certified by the public employment relations commission after the October 1st deadline and for which there is no existing master agreement, the legislature may act upon the compensation and fringe benefit provisions of the unit's collective bargaining agreement if those provisions are agreed upon and submitted to the office of financial management no fewer than thirty-five days or fifty days before the end of session depending on the length of session. The office of financial management submits the compensation and fringe benefit provisions of the agreement to the fiscal committees of the legislature within the same periods of time. If the deadline for submittal to the office of financial management is not met, the governor shall submit the request for funds necessary to implement the compensation and fringe benefit provisions in the agreement in the next budget request submitted to the legislature.