(a) An authority shall be governed by a board of directors, which shall exercise the powers of the authority. The enabling ordinance establishing the authority under Alaska Stat. § 29.35.805 must specify the number, qualifications, manner of appointment or election, and terms of members of the board.
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(b) The board shall appoint a chief executive officer of the authority, who serves at the pleasure of the board. The board shall fix the compensation of the chief executive officer.
