The bill presents a quarterly report from the Comptroller of the Commonwealth detailing the status of federal funds applied for, received, and expended by various agencies during the first quarter of Fiscal Year 2026. It includes information on federal grants that are currently pending, with a total expected award amount of $66,526,567. The report specifies that it does not reflect grants that have been rejected, and it provides a comprehensive list of grants, including their respective federal cognizant agencies, application dates, and expected award amounts.

Additionally, the report outlines the federal grants that have been received and expended, totaling $43,245,321.99, with no revenue collected to date. The report emphasizes the importance of transparency and accountability in the management of federal funds, as mandated by M.G.L. Chapter 29, Section 6B. The inclusion of new legal language clarifies that the report does not account for rejected grants and provides specific details about the grants received, enhancing the overall understanding of the financial status of federal funding for the Commonwealth.