(a) The Board of Trustees of Henderson State University shall biennially make a report to the General Assembly at the beginning of its session.
(b) The report shall be incorporated in the report of the Commissioner of Elementary and Secondary Education and shall set forth the financial and scholastic condition of Henderson State University, furnish such suggestions as in the judgment of the board are necessary for the improvement of the university, and make any further recommendations that may to the board seem wise and expedient.