The bill, known as An Act to Provide for Competitiveness and Infrastructure Investment in Massachusetts, aims to enhance the state's ability to secure federal funding and address infrastructure needs by making up to $750 million available in matching funds and technical assistance for Massachusetts entities. The Executive Office for Administration and Finance (A&F) has utilized this legislation to support various projects, committing over $342 million to economic development, $150 million to transportation, and $35 million to climate-focused initiatives. Additionally, $72 million has been allocated to municipalities to improve road safety, emergency response capabilities, and energy efficiency in schools.

Furthermore, the Act authorizes the use of funds for reducing the Commonwealth's indebtedness, allowing A&F to pay off approximately $200 million in outstanding debt, which would have otherwise impacted the operating budgets of the MBTA and the Commonwealth. This includes defeasing General Obligation bonds and General Transportation System Bonds, resulting in significant budgetary savings and a reduction in long-term liabilities. The report details the commitments made, federal funds leveraged, and expenditures related to these initiatives, highlighting the overall financial impact of the Act on the Commonwealth's infrastructure and debt management.