[§87D-5.5  Employee organization; annual
report.]  Any employee organization that establishes a voluntary employees'
beneficiary association trust in March, 2006 and pursuant to this [chapter]
shall submit a report to the legislature on the status of the trust no later
than one hundred fifty days after two full plan years of the trust's
implementation, and annually thereafter.  A plan year is defined as the
twelve-month period from July 1 through June 30. [L 2007, c 294, §3]