I. The cost of preparing, maintaining, and operating a nuclear emergency response plan shall be assessed against each assessed entity in such proportions as the commissioner of safety determines to be fair and equitable.
II. The commissioner of safety shall enter into a memorandum of understanding with each assessed entity that contains mechanisms to address budget compliance and periodic reporting, performance standards to ensure compliance with federal emergency preparedness requirements, and other topics as the parties deem appropriate.
III. Within 60 days after the close of the fiscal year, the commissioner of safety shall cause a report to be prepared and provided to the assessed entity detailing the use of the fees assessed during the prior fiscal year.