On an annual basis, within sixty days of the end of each fiscal year of the biennium for which funds are appropriated under this chapter, each tribally controlled community college receiving a grant under this chapter shall provide to the department of commerce, in the form prescribed by the department, the following information: 1. A detailed report of expenditures under the grant; 2. The number of students assisted by the grant; 3. The graduation rate of students assisted by the grant and the graduation rate for all students at the college; 4. A description of any new or improved training or other program leading to a certificate or a degree which was developed by the college with funds provided by the grant and the types of jobs for which the new or improved training program is designed;
5. The placement rate of graduates of the college assisted by the grant in relation to the placement rate of all graduates of the college; 6. The rate of students assisted by the grant who pursue further educational opportunities immediately after graduation from the college; and 7. The number of jobs or businesses created as a result of funds provided by the grant.