The bill requires the submission of a quarterly report detailing the status of federal funds applied for, received, and expended by various agencies, specifically for the second quarter of Fiscal Year 2025. The report includes information on pending grants, such as the FHWA-Recreational Trails Program and various grants from the USDA Forest Service, with a total pending amount of $14,487,236.67. Additionally, the report outlines new federal grants received and expended, totaling $538,357,310.40, with specific details on each grant's awarded amount and expenditures.

New legal language has been inserted into the current law, including a statement that the report does not reflect grants that were rejected, as well as specific references to various federal grant programs and their statuses. The report also emphasizes the Comptroller's reporting requirements under M.G.L. Chapter 29, Section 6B, and directs questions regarding grant applications to agency CFOs.