(a) The State Treasurer annually shall submit to the Director for the Fund a statement that:
(1) for the fiscal year for which the statement is made:
(i) states the balance of the Fund on the last day of the year;
(ii) states the income of the Fund; and
(iii) summarizes the payments from the Fund; and
(2) states the balance of the Fund on the last day of the preceding fiscal year.
(b) On or before October 1 of each year, the Board shall submit to the Governor and, subject to § 2-1257 of the State Government Article, the General Assembly an annual report that includes a detailed statement of the balances and expenses of the Fund.