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, referred to as the "Annual Report of All Out-of-Cohort Students," must be completed by July 15 following each school year and will include directory information for students enrolled in public schools during the previous four years.

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 graduated within the specified timeframe.