The board in its actions pursuant to this Chapter is subject to examination by the commissioner of financial institutions, but shall not be deemed to be a banking organization nor be required to pay a fee for any such supervision or examination. The board shall make an annual report of its condition to the governor, the legislature, and the commissioner of financial institutions on or before June thirtieth.

            Acts 1978, No. 135, §2; Acts 2016, No. 314, §3(A).