Agencies shall include estimates of research and student aid funds in the detailed budget statements required in § 2-65-20 of this chapter. Agencies may not be required to submit the detailed programmatic and financial information required in § 2-65-20(2) of this chapter, except that the agencies must furnish to the board notices of actual awards and allocations of research and student aid funds within fourteen days of receipt of the notices from funding agencies. The board shall maintain quarterly reports of the funds received by the agency, and must, upon request, provide copies to the House Ways and Means Committee or the Senate Finance Committee, or both.