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 comptroller is responsible for these transfers and must report annually on the balance and interest earned by the Stabilization Fund.

Additionally, the bill includes a one-time transfer of $420,763,697 from the Stabilization Fund to the new fund for Fiscal Year 2024, which was executed without the need for calculations or tests. The annual reporting requirement stipulates that the comptroller must report the balance of the Stabilization Fund and the interest earned within five business days following the issuance of the statutory basis financial report. The first report indicates that the Stabilization Fund balance was $8,523,632 as of June 30, 2024, with interest credited during that fiscal year amounting to $420,763,697.