Each nonprofit community–based organization, nonprofit hospital, institution of higher education, federally qualified health center, or local government agency that has submitted a successful application for designation of an area as a Health Equity Resource Community under § 20–1403 of this subtitle shall submit to the Commission a report that includes: A description of progress made toward the objectives set forth in the application; A description of objectives to be met during the immediately following year; and Any other information as requested by the Commission. The reporting required under paragraph (1) of this subsection shall be submitted periodically in accordance with a schedule determined by the Commission. The Commission may revoke a designation of an area as a Health Equity Resource Community if the nonprofit community–based organization, nonprofit hospital, institution of higher education, federally qualified health center, or local government agency that has submitted a successful application for designation of an area as a Health Equity Resource Community fails to meet the objectives provided to the Commission under subsection (a)(1) of this section for a given year. On or before December 15 each year, the Commission shall submit to the Governor and, in accordance with § 2–1257 of the State Government Article, the General Assembly a report that includes: The number and types of incentives granted in each Health Equity Resource Community; Evidence of the impact of the loan repayment incentives in attracting health care practitioners and community health workers to Health Equity Resource Communities; Evidence of the impact of the incentives offered in Health Equity Resource Communities in reducing health disparities and improving health outcomes; and Evidence of the progress in reducing health costs and hospital admissions and readmissions in Health Equity Resource Communities. The report described in paragraph (1) of this subsection shall include data disaggregated by the following: Race; Ethnicity; Primary language; Gender; Socioeconomic status; and Zip code.