Yep, this is 100% real code, taken from the current working site. The initial commit is exactly the code that you would download every time you visited the site (and re-download, and re-download, as they failed to set caching headers).
My hope is to reorganize it into a sane set of Backbone views & rich models so it makes a lot more sense. There seems to be a lot of dead code so pruning that is the first priority. Every function is in the global scope so it's actually somewhat easy to detect what is used and what is not... not that I'd ever advocate throwing everything in the global scope.
I agree that it is much less than you'd think that amount of money would buy. I hope that by bringing attention to it, I can make it clear to taxpayers and government decision-makers that we are not getting anything close to what we are paying for. The system for winning government contracts needs to be completely revamped, at least for the technical sector. I would love to see a competition-style bidding process, where a detailed set of specs are presented and all submissions that meet the spec are paid, and the winning submission is paid more. $92M buys you a lot of runway. I think we could have seen some much better code out of this if small businesses & independent groups were allowed to tackle it.