In this section the following words have the meanings indicated. “Convention facility” has the meaning stated in § 10–601 of the Economic Development Article. “Institution of higher education” has the meaning stated in § 10–101 of the Education Article. This section applies to a convention facility and a facility at an institution of higher education that receives State capital funding totaling at least $2,000,000 in the operating or capital budget bills in the prior fiscal year. Subject to subsection (d) of this section, on or before October 1 each year, the entity responsible for facilities maintenance for a facility specified in subsection (b) of this section shall submit a report in accordance with § 2–1257 of the State Government Article to the Senate Budget and Taxation Committee and the House Appropriations Committee on the entity’s deferred maintenance plan. The report required under subsection (c) of this section shall include: the dollar amount that the entity spends per square foot on deferred maintenance; the total dollar value of the backlog for deferred maintenance; the process for facility condition assessment, including the process for rating and assessing deferred maintenance projects; the number of staff hours devoted to inspecting and analyzing the need for facility repair and maintenance; and the entity’s plan to address all deferred maintenance projects.