Annual report.

(1) On or before October 1 of each year, the institute shall publish an annual report of the activities conducted by the Nucleus Fund and submit, in accordance with Section 68-3-14, the written report to: (a) the governor; (b) the Economic Development and Workforce Services Interim Committee; and (c) the Executive Appropriations Committee. (2) The annual report shall: (a) be designed to provide clear, accurate, and accessible information to the public, the governor, and the Legislature; (b) include a copy of the annual audit required under Section 53H-16-407; (c) describe the policies adopted by the institute board under Subsection 53H-16-404(1)(c); (d) include detailed information regarding: (i) the name and location of each qualified business that received capital from the Nucleus Fund; (ii) the amount of each qualified investment made by the Nucleus Fund; (iii) the aggregate amount of capital provided to qualified businesses; and (iv) realized gains from qualified investments and any realized losses; (e) include detailed information regarding the institute's yearly expenditures, including: (i) administrative, operating, and financing expenses; and (ii) aggregate compensation information for full-time and part-time employees, including benefit and travel expenses; (f) include detailed information regarding all funding sources for administrative, operating, and financing expenses, including any fees charged by the institute to the Nucleus Fund under Subsection 53H-16-304(2)(e); and (g) include an explanation of the Nucleus Fund's progress in achieving the purposes described in Subsection 53H-16-402(2).