(a) Each institution of higher education that has a professional nursing program shall submit an annual report to the board detailing its strategy for increasing the number of students that graduate from the program prepared for licensure as registered nurses. The report must include:
(1) the capacity of the program, either alone or in cooperation with one or more other programs, to graduate more students prepared for licensure as registered nurses; and
(2) the resources allocated to increase the number of students that graduate from the program prepared for licensure as registered nurses.
(b) The board may adopt rules to implement this section.