The Secretary shall:
(1) on an annual basis, based on the information reported under § 8.5-103(a)(1)(i) of this title:
(i) verify which employers have 10,000 or more employees in the State; and
(ii) ensure that all employers with 10,000 or more employees in the State have made the report required under § 8.5-103 of this title;
(2) adopt regulations to implement this title; and
(3) pay the revenue from the payroll assessment into the Fund created under § 15-142 of the Health - General Article.