Sec. 6. Before July 1, 2026, the governing body shall also submit a report to the distressed unit appeal board and the budget committee. The report required by this section must address each of the following topics:
(1) Finances.
(2) Operations.
(3) Academics.
(4) The effectiveness of the governance structure.
The distressed unit appeal board shall present the topics addressed by the report to the budget committee before November 1, 2026.