STAC shall publish a report on the use of funds in the Innovate Rhode Island Small Business Account (“IRISBA”) at the end of each fiscal quarter. The report shall contain information on the commitment, disbursement, and use of funds allocated under the (IRISBA). The report is due no later than one month after the end of the fiscal quarter, and must be submitted to the following:

(1)  The chairs of the house of representatives and senate finance committees.

(2)  The fiscal offices of the general assembly.