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HD 4479

A communication from the Executive Office for Administration and Finance (see Section 2 of Chapter 214 of the Acts of 2024) providing a report on an expenditure in funds from the Commonwealth Federal Matching and Debt Reduction Fund

194th Legislature (2025-2026)

HD 4479 - Report on Commonwealth Federal Matching and Debt Reduction Fund Expenditure OverviewBill Number: HD 4479 Title: A communication from the Executive Office for Administrat

Placed on file
0
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Bill Summary · HD 4479

HD 4479 - Report on Commonwealth Federal Matching and Debt Reduction Fund Expenditure

Overview

Bill Number: HD 4479
Title: A communication from the Executive Office for Administration and Finance (see Section 2 of Chapter 214 of the Acts of 2024) providing a report on an expenditure in funds from the Commonwealth Federal Matching and Debt Reduction Fund
Status: Placed on file
Introduced: March 13, 2025

Purpose and Intent

This bill requires the Executive Office for Administration and Finance to provide a report to the state legislature on an expenditure made from the Commonwealth Federal Matching and Debt Reduction Fund. The fund was established in 2024 to help the state leverage federal matching funds and pay down outstanding debt.

Key Provisions

  • Mandates the Executive Office for Administration and Finance to submit a detailed report on a specific expenditure from the Commonwealth Federal Matching and Debt Reduction Fund
  • Requires the report to include:
    • The amount and purpose of the expenditure
    • An explanation of how the expenditure helped the state access federal matching funds or reduce debt
    • Any other relevant details about the use of the fund
  • Sets a deadline of June 30, 2025 for the report to be submitted to the House and Senate committees on Ways and Means

Affected Parties and Impacts

This bill primarily impacts the Executive Office for Administration and Finance, which is responsible for managing the Commonwealth Federal Matching and Debt Reduction Fund and providing the required report. The report will also be of interest to the state legislature, which oversees the use of this fund.

The report itself is intended to increase transparency and accountability around the state's efforts to leverage federal funds and pay down debt through this specialized fund.

Procedural and Timeline Considerations

HD 4479 was introduced on March 13, 2025 and has been placed on file, meaning it is currently not actively being considered by the legislature. However, the bill mandates that the required report be submitted by June 30, 2025, so the Executive Office for Administration and Finance will need to prepare and submit the report within that timeframe.

If the legislature wishes to take further action on this bill, such as holding a hearing or voting on it, they would need to formally take it off the "placed on file" status.

Compiled from official sources — confirm details with the bill’s official record.

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