(1) Not less than thirty (30) days before a department or agency of state government executes a state professional facilities management contract for services within a state legislative district that would result in the outsourcing of facilities management services to private, nonstate government entities, the respective department or agency shall notify each member of the general assembly representing such district of the contract.
(2) In addition, on an annual basis, the department of general services shall provide a facilities management status report to the governor, speaker of the senate, and speaker of the house of representatives. The report shall include, but not be limited to, the following information: The departments or agencies executing a state contract for professional facilities management;
(3) The number of state employees impacted by such contract;
(4) The estimated cost savings of such contract; and
(5) The cost savings realized by any such contract in place for one (1) year or greater.