In this section the following words have the meanings indicated. “Agency” includes a unit of State government that receives funds that are not appropriated in the annual budget bill. “Payee” means any party who receives from the State an aggregate payment of $25,000 in a fiscal year. “Payee” does not include: a State employee with respect to the employee’s compensation; or a State retiree with respect to the retiree’s retirement allowance. “Searchable website” means a website created in accordance with this section that displays and searches State payment data. The Department shall develop and operate a single searchable website, accessible to the public at no cost through the Internet. On or before the 15th day of the month that follows the month in which an agency makes a payment to a payee, the Department shall update the payment data on the searchable website. The searchable website shall contain State payment data, including: the name of a payee receiving a payment; the location of a payee by postal zip code; the amount of a payment; and the name of an agency making a payment. The searchable website shall allow the user to: search data for fiscal year 2008 and each year thereafter; and search by the following data fields: a payee receiving a payment; an agency making a payment; and the zip code of a payee receiving a payment. State agencies shall provide appropriate assistance to the Secretary to ensure the existence and ongoing operation of the single website. This section may not be construed to require the disclosure of information that is confidential under State or federal law. This section shall be known and may be cited as the “Maryland Funding Accountability and Transparency Act”.