# Alaska Stat. § 42.40.100: Management by the board

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.100

## Section

- **Citation:** Alaska Stat. § 42.40.100
- **Heading:** Management by the board
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 42 / Chapter 42.40 / Section 42.40.100

## Text

The board is responsible for the management of the corporation but shall delegate certain powers and duties to the chief executive officer in accordance with AS 42.40.120 . In managing the corporation, the board shall (1) be responsible for the management of the financial and legal obligations of the Alaska Railroad;

(2) operate the Alaska Railroad as a common carrier subject to the jurisdiction of the United States Surface Transportation Board consistent with 45 U.S.C. 1207;

(3) generally manage the corporation on a self-sustaining basis;

(4) apply to the legislature for an appropriation with the concurrence of the governor to be used to provide a particular service that is not otherwise self-sustaining if a subsidy is required to maintain that service;

(5) provide for safe, efficient, and economical transportation to meet the overall needs of the state;

(6) raise needed capital by issuing bonds of the corporation upon approval by the legislature while ensuring that borrowing by the corporation does not directly or indirectly endanger the state's own borrowing capacity;

(7) review all state and other land disposal proposals to aid in planning for future development or expansion of transportation services;

(8) ensure that the procurement procedures of the corporation meet accepted railroad industry standards;

(9) ensure that the accounting procedures of the corporation meet generally accepted accounting principles consistent with industry standards for comparable railroads.

## Nearby sections

- [Alaska Stat. § 42.40.010 Establishment of the corporation.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.010.md)
- [Alaska Stat. § 42.40.020 Board of directors.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.020.md)
- [Alaska Stat. § 42.40.030 Term of office.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.030.md)
- [Alaska Stat. § 42.40.040 Vacancies.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.040.md)
- [Alaska Stat. § 42.40.050 Compensation and expenses.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.050.md)
- [Alaska Stat. § 42.40.060 Board officers.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.060.md)
- [Alaska Stat. § 42.40.100 Management by the board.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.100.md)
- [Alaska Stat. § 42.40.110 Executive officers.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.110.md)
- [Alaska Stat. § 42.40.120 Delegation.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.120.md)
- [Alaska Stat. § 42.40.150 Meetings of the board.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.150.md)
- [Alaska Stat. § 42.40.160 Quorum and voting.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.160.md)
- [Alaska Stat. § 42.40.170 Executive sessions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.170.md)
- [Alaska Stat. § 42.40.180 Rules.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.180.md)
- [Alaska Stat. § 42.40.190 Emergency rules.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.190.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T42_C42.40_S42.40.100. Check the current official text before relying on it. Not legal advice.