(a) The council shall deliver a report on the program to the governor, the lieutenant governor, and the speaker of the house of representatives not later than December 31 of each even-numbered year.
(b) The report must contain detailed information regarding:
(1) any problems the council identifies in implementing the program, with recommended solutions for those problems;
(2) the expenditure of any money received under this subchapter, including legislative appropriations; and
(3) the number of students who are admitted to the program and who are enrolled in each year of a baccalaureate, graduate, or professional degree program offered by a general academic teaching institution, a private or independent institution of higher education, or a participating medical school, as applicable.