The Children and Youth Investment Corporation, or a successor single non-service provider, nonprofit organization, shall submit a biannual assessment and funding report to the Council, which includes:
(1) A research-based needs assessment of at-risk youth, which identifies:
(A) Available resources;
(B) Needed resources, if any; and
(C) Any gap in services; and
(2) A list of funding priorities based upon the needs assessment.