(a)      Before the Department approves any project, the applicant shall file with the Department:

            (1)      A statement listing the personnel employed or to be employed at the facility and showing all remuneration and prerequisite for personal services and all other expenses paid or to be paid to these personnel, as well as all other expenses incurred or to be incurred in operating the facility; and

            (2)      The schedule of rates charged or to be charged for services rendered.

      (b)      (1)      The Secretary shall adopt regulations to carry out this title.

            (2)      The regulations shall provide for certified annual financial statements from each facility, and may provide for other reports.

            (3)      For each facility, this information shall be required annually for at least the term of the bonds used to finance any project at that facility.