(a) Beginning in 2027, no later than August 15 of each year, each approved program provider shall submit a report to the state board which shall include:

(1) The number of eligible students participating in the program;

(2) The number of units of high school credit earned by such students;

(3) The number of employability skills certificates earned by such students;

(4) The number of workforce credentials earned by such students; and

(5) The number of students who earned a high school diploma through participation in the program.

(b) Beginning in 2027, no later than December 1 of each year, the state board shall provide the Governor, the President of the Senate, the Speaker of the House of Representatives, and the chairpersons of the House Committee on Education, the Senate Education and Youth Committee, the House Committee on Higher Education, and the Senate Higher Education Committee with a report that includes:

(1) The information reported to the state board pursuant to subsection (a) of this Code section;

(2) The amount of funds disbursed to each approved program provider and the milestones for which such funding was disbursed;

(3) The graduation rate for each approved program provider; and

(4) The average cost per graduate for each approved program provider.