SECTION 1. Section 47 of Chapter 94C of the General Laws is hereby amended by inserting after subsection (j) the following:-

(k) (1) The attorney general, each district attorney, and each police department for which the state treasurer has established a special law enforcement trust fund pursuant to subsection (d) shall file an annual report with the treasurer regarding all assets, monies, and proceeds from assets seized pursuant to this section and held by such fund.  The report shall provide itemized accounting for all such assets, monies and proceeds from assets within the following asset categories: cash, personal property, conveyances, and real property, including any property disposed of by the office of seized property management within the division of capital asset management and maintenance.  Such reports shall be filed on or before January 31 for the preceding calendar year and shall be public records.

(2) The attorney general, each district attorney, and each police department for which the state treasurer has established a special law enforcement trust fund pursuant to subsection (d) shall file an annual report with the treasurer regarding all expenditures therefrom, which shall include, but not be limited to, the following expenses categories: personnel, contractors, equipment, training, private-public partnerships, inter-agency collaborations, and community grants.  Such reports shall be filed on or before January 31 for the preceding calendar year and shall be public records.

(3) On or before March 15, the state treasurer shall file a report with the Executive Office of Administration and Finance and the House and Senate Committees of Ways and Means regarding the aggregate deposits and expenditures, and the ending balances, for each special law enforcement trust fund during the preceding calendar year.  Such reports shall be public records.