(a) A board shall adopt bylaws and appropriate regulations consistent with the enabling ordinance to carry out its functions and purposes. (b) A board shall adopt bylaws as soon after the authority is established as possible and may, from time to time, amend those bylaws. The bylaws may contain any provision not in conflict with law for managing the business of the authority and for conducting the affairs of the authority, including provisions relating to (1) the time, place, and manner of calling, conducting, and giving notice of meetings of the board and committees of the board, if any; (2) the compensation of directors, if any; (3) the appointment and authority of committees of the board, if any; (4) the appointment, duties, compensation, and tenure of officers, directors, the chief executive officer, and other employees, if any; (5) procedures for adopting regulations; (6) procedures for adopting bylaws; (7) procedures for making annual reports and financial statements; and (8) other matters for the conduct of business by the board.
Alaska Legal Code