(a) On or before January 1 of each year, the Corporation and the Commission shall report to the Governor and, in accordance with § 2-1257 of the State Government Article, the General Assembly on the progress of State-funded stem cell research conducted in accordance with this part.
(b) The report shall identify:
(1) each recipient of money from the Fund;
(2) the amount of money awarded to each recipient; and
(3) a description of the type of stem cell research performed by the recipient.