The Board of Directors shall, not later than 90 days after the end of each fiscal year: 1. Prepare a report on the operations of the Bank during that year. 2. Submit the report prepared pursuant to subsection 1 to: (a) The Governor; and (b) The Director of the Legislative Counsel Bureau for transmittal to: (1) If the report is prepared in an even-numbered year, the next regular session of the Legislature; or (2) If the report is prepared in an odd-numbered year, the Legislative Commission.
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