Alaska § 42.40.100 - Management by the board.
Full text of Alaska Alaska Statutes § 42.40.100 — Management by the board., with citation guidance and answers to common questions.
§ 42.40.100. Management by the board.
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.
Frequently Asked Questions About Alaska § 42.40.100
What does Alaska Statutes § 42.40.100 cover?
Section 42.40.100 ("Management by the board.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 42.40.100?
A common citation format is "Alaska Statutes § 42.40.100" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 42.40.100 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.