Substitute House Bill No. 6194 mandates that administrators of certain state-created funds or accounts report to the legislature prior to their termination. This requirement applies specifically to funds or accounts established by public or special acts for charitable purposes and administered by state entities. The report must include the administrator's intent to terminate the fund or account and an estimate of the anticipated balance at the time of termination. These reports are to be submitted electronically to the clerks of both the Senate and the House of Representatives.

The bill introduces new legal language that specifies the reporting requirements and the entities involved, while there are no deletions from current law. The effective date for this legislation is set for October 1, 2025. The fiscal impact of the bill is expected to be negligible, with no anticipated effects on state or municipal finances.