(a) The commissioner of correction shall prepare and transmit monthly a report to the state and local government committee of the senate and the committee of the house of representatives having oversight over corrections. The report shall provide details about each sentencing contract entered into after December 11, 1985, pursuant to the authority granted in §§ 40-28-115, 40-28-116, 40-34-103 and 40-35-501. The report shall not allow the identification of individual persons, but shall provide the following for each person released:
(1) The offense and length of sentence originally received;
(2) The amount of time served or to be served under the terms of the contract;
(3) The amount of sentence reduction provided if the contract is fulfilled; and
(4) The obligations of the inmate both prior to and after release.
(b) The commissioner shall also report monthly to the committees on the following:
(1) The number of sentencing contracts revoked since the last reporting period and the reasons for the revocations;
(2) The number of sentencing contracts completed successfully since the last reporting period; and
(3) Any other information the committees may request.