Alaska Statutes Title 42, Chapter 42.40, Article 04 - Powers and Duties

• Sec. 42.40.250 General Powers.
  In addition to the exercise of other powers authorized by law, the corporation may(1) adopt a seal;(2) adopt bylaws governing the business of the...
• Sec. 42.40.260 Annual Report.
  (a) Within 90 days following the end of the fiscal year of the Alaska Railroad, the board shall present to the governor a report...
• Sec. 42.40.270 Audits.
  (a) The board shall have the financial records of the corporation audited annually by an independent certified public accountant experienced in railroad accounting. The...
• Sec. 42.40.280 State Oversight Reports.
  (a) The board shall provide a state oversight report to the governor and the legislature before undertaking(1) expansion, reduction, or diversification of services provided...
• Sec. 42.40.285 Legislative Approval Required.
  Unless the legislature approves the action by law, the corporation may not(1) exchange, donate, sell, or otherwise convey its entire interest in land;(2) issue...
• Sec. 42.40.290 Long-Range Capital Improvement and Program Plan.
  (a) The corporation shall prepare and the board shall adopt a long-range capital improvement and program plan. The plan must explain the manner in...
• Sec. 42.40.300 Use of Corporation Assets.
  The corporation shall apply all money, property, other assets, and credit of the corporation toward activities authorized by this chapter. The corporation may not...
• Sec. 42.40.310 Indemnification.
  (a) The corporation may defend and indemnify a current or former member of the board, employee, or agent of the corporation against all costs,...

Last modified: November 15, 2016