REPORTS.

SEC. 1108. REPORTS.Each governing board carrying out a new town development demonstration under this title shall submit to the Congress the following information: (1) New town plan.—Upon approval of the new town plan of the governing board under section 1102(d), a copy of the approved plan. (2) Annual reports.—For the 5-year period beginning upon the approval of the new town plan, annual reports for each 12-month period during such 5-year period, which shall be submitted within 3 months after the expiration of the 12- month period. Each report shall include a description of any activities during such period to carry out the demonstration program of the governing board, the use during such period of any assistance provided under this title, and any amendments under section 1102(d)(4) to the new town plan approved during such period.