The Finance and Administration Cabinet and any state agency which makes any purchase independent of the Finance and Administration Cabinet shall prepare a report by January 1 of each year to the General Assembly and the Governor on progress in procuring products made from recovered materials. The report shall include: (1) The recycled content percentages of the various products being purchased; (2) Relative costs of virgin and recycled products; (3) Sources of recycled products being purchased; (4) Types of performance tests conducted on recycled products, the results, and actual agency experience; (5) Organizations participating in cooperative purchasing and volumes of materials purchased; and (6) A list of products reviewed for changes in specifications relating to their minimum recycled content.