(a) After consultation with the Department of Budget and Management, the Secretary of Planning shall adopt regulations that require a county or municipality to submit information, as required in this section, on federal aid, including grants, instructional contracts, loans, research contracts, and other assistance.
(b) (1) Every 6 months, a county or municipality shall submit a summary notice to the Department of Planning if, during the 6–month period that the notice covers, the county or municipality received an award of federal aid in the form of an instructional contract, an instructional grant, a research contract, or a research grant.
(2) The summary notice shall state the amount of the award.
(c) (1) This subsection does not apply to an instructional contract, an instructional grant, a research contract, or a research grant.
(2) Within 30 days after a county or municipality receives an award of federal aid, the county or municipality shall submit to the Department of Planning a summary notice that states:
(i) the amount of the award; and
(ii) if the award is conditioned on matching funds:
1. the amount of those funds;
2. the source of those funds; and
3. the period for which those funds are required.