(a) Before January 15 of each odd-numbered year, the board shall report to the legislature concerning the scholarship program for accounting students administered by the board under this subchapter.
(b) The report expenses shall be included in the administrative costs allocated to the board under Section 901.155. The report must include:
(1) the number and amount of scholarships awarded in the two calendar years preceding the year in which the report is due; and
(2) the number of minority students, by racial or ethnic background, who have been awarded scholarships under the program in that two-year period.