(a)    (1)    On or before January 1 of each year, Baltimore City, each county, and each eligible municipality that received highway user revenues in the preceding fiscal year shall submit to the Administration an accounting report that:

(i)    Shows the actual costs of the preceding fiscal year;

(ii)    Shows the expenditure budget of the current fiscal year;

(iii)    As to items (i) and (ii) of this paragraph, accurately identifies the costs for specific projects authorized in § 8–408 or § 8–409 of this subtitle;

(iv)    Shows the amount of funds diverted from the general fund of the county or municipality to pay for specific projects authorized in § 8–408 or § 8–409 of this subtitle during the preceding fiscal year; and

(v)    Lists specific projects authorized in § 8–408 or § 8–409 of this subtitle that have been delayed due to a lack of funding.

(2)    On or before December 1 of each year, the Administration shall provide Baltimore City, each county, and each eligible municipality with an electronic copy of an accounting report form to be used to submit the information reported under paragraph (1) of this subsection.

(b)    The Administration shall compile, summarize, and analyze the information reported by Baltimore City and each county and municipality under subsection (a)(1) of this section in a single report that the Administration shall submit, on or before February 1 of each year, to the Governor and, in accordance with § 2–1257 of the State Government Article, the Senate Budget and Taxation Committee, the House Appropriations Committee, the House Environment and Transportation Committee, and the House Ways and Means Committee.

(c)    The Administration may not make a disbursement of highway user revenues under § 8–407 of this subtitle to any jurisdiction that has not submitted a report to the Administration as required under subsection (a)(1) of this section.