(1) Any state agency, institution, board, or commission which privatizes a function previously performed by state employees shall file a report as soon as possible with the Legislative Council and the Office of Personnel Management.
(2) The report shall include the job titles, grades, and position numbers which were eliminated by privatization.
(3) The report shall also explain how the determination was made as to which employees were terminated and give the effective date of termination.
(4) The agency, institution, board, or commission shall not fill the positions of the state employees terminated due to privatization.