(a) Any change in the principal officer such as chairperson, president, or general manager of the governing board shall be reported to the Department in writing immediately, but in no case later than 10 days following such change. Such written notice shall include the name and principal business address of each new principal officer.

(b) When a change of administrator occurs, the Department shall be notified in writing immediately, but in no case later than five days following such change. Such notification shall include the name of the new administrator, the mailing address, the date of assuming office and a brief description of his or her background and qualifications.