(a) The commission shall develop and annually update a strategic plan for the promotion of space, aeronautics, and aviation economic development in this state.
(b) The strategic plan must include a list of potential projects that further the purpose of the commission, and, for each project:
(1) the estimated total cost for completion, including a potential state matching cost; and
(2) an assessment of the availability of external funding sources.

(c) The strategic plan may include any other information the commission determines is relevant to furthering the purpose of the commission.
(d) The board shall submit the strategic plan to the governor, the lieutenant governor, and the speaker of the house of representatives not later than December 31 of each year.