(1) The director shall submit an annual written report to the Attorney General on the activities of the regulatory relief office, which includes:
(a) Information regarding each participant in the regulatory sandbox created in KRS 15.268, including which industries each participant represents and the anticipated or actual cost savings that each participant experienced;
(b) Recommendations regarding any administrative regulations that should be permanently modified;
(c) Information regarding outcomes for consumers; and (d) Recommendations for changes to the regulatory sandbox or other duties of the regulatory relief office.
(2) The Attorney General shall provide a written report on the activities of the regulatory relief office to the Governor and the Legislative Research Commission by October 1 of each year, which shall include the director's report submitted under subsection (1) of this section.