On or before January 1, 2029, the Department shall report to the Governor and, in accordance with § 2–1257 of the State Government Article, the General Assembly on: the funds included in the State budget and appropriated for the Fund for each fiscal year during the life of the Program; the implementation of the Program by the Department, including an assessment of the effectiveness of the Program; and the overall performance of the Program and impacts of the Program on loan recipients.