The bill establishes the Commonwealth Federal Matching and Debt Reduction Fund, a non-budgeted special revenue fund administered by the secretary of administration and finance, as outlined in Chapter 214 of the Acts of 2024. It mandates quarterly transfers of interest from the Commonwealth Stabilization Fund into this new fund, contingent upon specific tests regarding the balance of the Stabilization Fund and its relation to budgeted revenues. The bill also requires a one-time transfer of interest credited to the Stabilization Fund for Fiscal Year 2024, which has already been executed.

Additionally, the bill stipulates an annual reporting requirement for the comptroller, who must report the balance of the Commonwealth Stabilization Fund and the interest earned during the preceding fiscal year within five business days of the issuance of the annual Statutory Basis Financial Report. The first report indicates that the Stabilization Fund balance was $8,523,632 as of June 30, 2024, and the interest credited during that fiscal year was $420,763,697, which has been transferred to the new fund.