(a) The Administration shall, at least every 3 years, assess the ongoing, unconstrained capital needs of the Administration.
(b) In undertaking the assessment required under subsection (a) of this section, the Administration shall:
(1) Compile and prioritize capital needs without regard to cost;
(2) Identify the backlog of repairs and replacements needed to achieve a state of good repair for all Administration assets, including a separate analysis of these needs over the following 10 years; and
(3) Identify the needs to be met in order to enhance service and achieve system performance goals.
(c) On or before July 1, 2019, and on or before July 1 every 3 years thereafter, the Administration shall, in accordance with § 2–1257 of the State Government Article, submit the assessment required under subsection (a) of this section to the Senate Budget and Taxation Committee, the House Appropriations Committee, and the House Environment and Transportation Committee.