(1) Each local government study commission shall, within 90 days of its organizational meeting, establish a timetable for its deliberations and actions. The timetable must be published in a local newspaper of general circulation. The timetable may be revised, but each revision must be republished.
(2) The timetable must provide, at a minimum, the following provisions, to be accomplished chronologically in the order presented:
(a) conduct one or more public hearings for the purpose of gathering information regarding the current form, functions, and problems of local government;
(b) formulate, reproduce, and distribute a tentative report, containing the same categories of information required to be included in the final report;
(c) conduct one or more public hearings on the tentative report; and
(d) adopt the final report of the commission and set the date for an election on the question of adopting a new plan of government pursuant to 7-3-192 or, if the study commission is not recommending any changes, publish and distribute the final report as provided in 7-3-187 within 60 days after the final report is adopted.