(a) On or before October 1 of each year, the Corporation shall submit a report to:
(1) the Governor;
(2) the County Commissioners;
(3) the Department; and
(4) in accordance with § 2-1257 of the State Government Article, the General Assembly.
(b) The report shall include a complete operating and financial statement covering the operations of the Corporation during the preceding fiscal year and a summary of the activities of the Corporation during the preceding fiscal year.