AN ACT RELATING TO PUBLIC FINANCE -- STATE FUNDS

SB 2097 requires state agencies managing special accounts (like Medicaid funds, environmental programs, and veterans' benefits) to submit quarterly financial reports to the Executive Office of Health and Human Services starting October 1, 2026. It applies to most restricted receipt accounts but excludes specific funds such as the Rhode Island Statewide Opioid Abatement Account, HIV Care Grant Drug Rebates, and Veterans’ Home accounts. The bill aims to improve centralized oversight of state finances by standardizing reporting for these accounts. Agencies must comply unless federal law, court orders, or existing restrictions prevent it.