(a) On or before January 1 each year, the Corporation and the Board shall report to the Governor and, in accordance with § 2-1257 of the State Government Article, the General Assembly on the progress of the human-relevant animal testing alternatives research conducted with money from grants or loans awarded under this subtitle.
(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 State-funded, human-relevant research performed by the recipient and the animal tests the research is intended to replace.