The bill, identified as Substitute Senate Bill No. 278 with File No. 294, mandates that by January 1, 2025, and annually thereafter, the Commissioner of Transportation must submit a report to the joint standing committees of the General Assembly with oversight on transportation and finance, revenue, and bonding. This report is to include the status of each project in the state's most recent five-year transportation capital plan, estimated start and completion dates for each project phase, and the amount of federal funds obligated or committed, as well as received, for each project, including completed and future phases. Additionally, the Commissioner is required to post each report on the Department of Transportation's website.

Furthermore, by the same date, the Commissioner must establish a separate page on the Department of Transportation's website dedicated to information about the department's capital projects as identified in the most recent five-year transportation capital plan. This page must be updated at least quarterly and include a brief description of each project, its current status, a map showing the project's location, anticipated costs for each phase, estimated start and completion dates, and the amount of federal funds received for each project, including for any completed and current phase. The act is effective upon passage and introduces a new section to the law. The fiscal impact statement indicates a one-time cost of up to $200,000 in FY 25 for the Department of Transportation to establish the necessary reporting process, with no expected out-year impact.