Establishes a pilot program for a citizen's review of initiatives in 2016.

Creates the citizens' initiative review oversight committee and requires the committee to: (1) Select two initiatives to be voted on at the 2016 general election for review by a citizen panel; and

(2) Review the work of the review panels to determine compliance with legislative intent.

Requires the voters' pamphlet to include statements submitted by citizens' initiative review panels.

Requires the state institute for public policy to: (1) Administer the initiative review process;

(2) No earlier than February 2016, begin the process of selecting the members of the citizen panels; and

(3) After the 2016 general election, contract for an evaluation of the effectiveness of the review process.

Expires July 1, 2017.