This bill mandates that the Governor of New Jersey must submit an annual report to the State Ethics Commission by July 15th each year. The report will detail all expenditures made from funds allocated to the Governor for official purposes during the previous fiscal year, which ends on June 30th. These funds may be used for official receptions, the operation of the Governor's residence, or other similar expenses.

Additionally, the report must include copies of receipts for any item or service purchased that exceeds a minimal cost, along with the name and mailing address of the recipient and a brief description of the item or service. The report will be accessible to the public and will be posted on the State Ethics Commission's website, ensuring transparency regarding the use of these funds.