(a) On or before January 1, 2026, the department, in consultation with the State Air Resources Board and the Wildfire and Forest Resilience Task Force, shall report to the relevant fiscal and policy committees of the Legislature on funds spent pursuant to Section 45 of Senate Bill 901 (Chapter 626, Statutes of 2018). The report shall include, but not be limited to, all of the following information:

1. (1) The outcomes of the projects implemented, including, but not limited to, a description of the benefits for public safety, fire prevention, habitat, climate resiliency, and protection of important natural resources, including water quality and water supply.
2. (2) A description of the projected greenhouse gas emission and carbon sequestration impacts for the year of implementation of a project and for administering programs based on the State Air Resources Board’s forest health quantification methodology.
3. (3) Recommendations for modifying the forest health grant program, established pursuant to Section 4799.05, and the local assistance grant program, established pursuant to Section 4124.5, to improve outcomes, benefits, durability of benefits, and statewide benefits.
4. (4) An assessment of the potential benefits, including unmet need, for continuing the commitment made pursuant to Section 45 of Senate Bill 901 (Chapter 626, Statutes of 2018).