The bill mandates the Public Education Department to generate an annual report detailing all school-age students who have not graduated from high school within four years of entering the ninth grade. This report, which will include directory information for all out-of-cohort students enrolled in public schools over the past four years, must be completed by July 15 each year.

Additionally, the bill stipulates that this report must be made available upon request to various entities, including the higher education department, public post-secondary institutions, school districts, charter schools, and specific legislative committees, as well as New Mexico-based adult education providers and workforce development programs. The term "out-of-cohort students" is defined within the bill as those school-age individuals who have not achieved high school graduation within the specified timeframe.