Not later than January 1, 2021, and annually thereafter, the Commissioner of Transportation shall submit a report on compliance with the bidding and contract provisions of section 13a-97d, and the installation of wrong-way signs, as described in subdivision (13) of subsection (a) of section 40 of public act 20-1*, including the number of signs purchased, the location of their installation and any data regarding their effectiveness in reducing motor vehicle accidents, in accordance with the provisions of section 11-4a, to the (1) joint standing committees of the General Assembly having cognizance of matters relating to transportation and finance, revenue and bonding, and (2) transportation bonding subcommittee of the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding.