(A) Whenever any state agency, whether in the executive, legislative, or judicial branch of government, is scheduled to terminate its operations on a specified date, the agency shall notify the director of budget and management not earlier than one hundred twenty days prior to the specified termination date and, if feasible, not later than ninety days prior to such date. If notice cannot feasibly be given at least ninety days prior to such date, notice shall be given as soon after the ninetieth day prior to the termination date as possible. The director shall:

1. (1) Encumber, from the appropriation of the agency for the fiscal year that includes the date on which the agency is scheduled to terminate its operations, an amount sufficient to pay all expenses incurred prior to the date on which operations are terminated;

2. (2) Notify the department of administrative services of the need to:

   1. (a) Provide for the final payment by mail of the wages or salaries and the value of accumulated vacation leave to former employees of the agency;
   2. (b) Certify the employment status of former employees of the agency who are eligible for unemployment compensation under Chapter 4141. of the Revised Code or under other state or federal law.
3. (3) Pay any expenses incurred by the agency prior to its termination date but for which a bill is not received until after its termination date;
4. (4) Attend to any other matters associated with winding up the affairs of the agency.