The council:
(1) shall, in accordance with Section 526.0808:
(A) develop a recurring five-year statewide interagency aging services strategic plan; and
(B) submit the strategic plan to the executive commissioner and the administrative head of each agency subject to the strategic plan;
(2) shall develop and, not later than November 1 of each even-numbered year, submit to the legislature a biennial coordinated statewide interagency aging services expenditure proposal;
(3) shall annually publish an updated inventory of state-funded interagency aging programs and services that includes a description of how those programs and services further the purpose of the statewide interagency aging services strategic plan;
(4) may facilitate opportunities to increase collaboration for the effective expenditure of available federal and state money for interagency aging services in this state; and
(5) may establish subcommittees as necessary to carry out the council's duties under this subchapter.