By January 15 of each year, the Administration shall submit to the General Assembly, subject to § 2-1257 of the State Government Article, and to the governing body of each affected county and municipality a written report setting forth the following for each primary and secondary highway project:
(1) The status of all incomplete projects for which funds have been appropriated or expended for fiscal years completed before the report;
(2) A statement of the funds budgeted or expended on each incomplete project in the fiscal year preceding the report;
(3) A statement of the funds expended or expected to be expended in the then current fiscal year on each incomplete project;
(4) A list of all projects that were completed in the fiscal year preceding the report; and
(5) A statement of the total funds budgeted and expended on each project completed in the fiscal year preceding the report.