The bill outlines the quarterly report submitted by the Comptroller of the Commonwealth, William McNamara, detailing the status of federal funds applied for, received, and expended by various agencies for the third quarter of Fiscal Year 2025. The report includes information on pending grants, such as the Stronger Connections Technical Assistance and Capacity Grant and the FY25 Corridor Identification and Development Program, with a total of $10,346,899 pending. Additionally, the report highlights new federal grants received and expended, totaling $583,850,786.30, which includes various programs related to infrastructure, public health, and energy efficiency.

Notably, the report includes new legal language indicating that it does not reflect grants that have been rejected, as well as specific identifiers for each grant application. The report is submitted in compliance with M.G.L. Chapter 29, Section 6B, and aims to provide transparency regarding the management of federal funds within the Commonwealth.