On or before the January 1 occurring two (2) years after the effective date of this part [See the Compiler's Notes], and on or before January 1 every two (2) years thereafter, the department of environment and conservation shall submit a report to the finance, ways and means committees of the house of representatives and the senate on the revenue generated from the fees imposed by this part. The department shall include in the report a determination as to whether an adjustment to the fees is necessary to provide that the administration and enforcement of this part is fiscally self-sufficient and that the revenues from the fees are sufficient to meet required expenditures.