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Each year between August 15 and September 1, the military family assistance trust fund board shall provide a written report to the governor, the speaker of the senate and the speaker of the house of representatives. The written report shall provide:
The board's activities during the previous fiscal year;
What moneys were spent out of the military family assistance trust fund and the purposes for which the moneys were spent;
The amount of money left in the fund; and
Any recommendations for future initiatives with regard to the trust fund and its administration.