The Finance and Administration Cabinet and any state agency which makes any purchase independent of the Finance and Administration Cabinet shall prepare a report by January 1 of each year to the General Assembly and the Governor on progress in procuring products made from recovered materials. The report shall include:
(1) The recycled content percentages of the various products being purchased;
(2) Relative costs of virgin and recycled products;
(3) Sources of recycled products being purchased;
(4) Types of performance tests conducted on recycled products, the results, and actual agency experience;
(5) Organizations participating in cooperative purchasing and volumes of materials purchased; and (6) A list of products reviewed for changes in specifications relating to their minimum recycled content.