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 funding opportunities, including the grant name, federal cognizant agency, application date, expected award amount, and status.

Additionally, the report outlines new federal grants that have been received and expended, totaling $43,245,321.99, with specific amounts awarded for various programs such as Adult Basic Education and Vocational Education. The report emphasizes the importance of transparency in the management of federal funds and adheres to the reporting requirements set forth in M.G.L. Chapter 29, Section 6B.