(a)      On or before July 30 of each year, the Commissioner shall submit to the Secretary an accurate, detailed statement of all receipts and disbursements of the Division during the year that ended on the preceding June 30.

      (b)      The Commissioner shall verify the statement submitted under subsection (a) of this section.

      (c)      The Secretary shall submit the statement received under subsection (a) of this section to the Comptroller.