How does a AdHoc query generate the last run date

When I navigate to Analysis>Information Library and search for a particular query how does the "last run on" column populate with information.
The last run on column generates a date based on when the query is processed from the results tab.  If the query is saved as a selection and that selection is used by a business process the last run on column will not update based on the selection, just based on the core query itself when it is ran from the results option.

Environment

 Blackbaud CRM
 4.0
 4.0.166.0

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