- (a) On or before September 1 each year during which there was activity pursuant to this article during the prior fiscal year, the commissioner shall submit a written report to the Joint Committee on Government and Finance that meets the requirements of §33-60-8(b) of this code.
(b) The report shall include the following:
(1) The number of:
- (A) Applications filed and accepted;
- (B) Beta tests conducted; and
- (C) Extended no-action letters issued;
- (2) A description of the innovations tested;
- (3) The length of each beta test;
- (4) The results of each beta test;
- (5) A description of each safe harbor created under §33-60-6 of this code;
- (6) The number and types of orders or other actions taken by the commissioner or any other interested party under this article;
- (7) Identification of any statutory barriers for consideration by the Legislature following successful beta tests and the issuance of extended no-action letters; and
- (8) Any other information or recommendations deemed relevant by the commissioner.
- (c) The commissioner shall also, upon request of any committee of the Legislature, testify and explain any report submitted under this section and any activity pursuant to this article.