The department shall develop and maintain a vessel rebuild and replacement plan that, at a minimum:

(1) Includes projected retirement dates for all vessels, distinguishing between active and inactive vessels;

(2) Includes projected rebuild dates for all vessels;

(3) Includes timelines for vessel replacement, including business decisions, design, procurement, and construction; and

(4) Includes a summary of the condition of all vessels, distinguishing between active and inactive vessels.