(a) A majority of the members of the corporation constitutes a quorum for the transaction of business or the exercise of a power or function at a meeting of the corporation. The corporation shall meet at least every three months. The corporation may meet and transact business by electronic media if (1) public notice of the time and locations where the meeting will be held by electronic media has been given in the same manner as if the meeting were held in a single location; (2) participants and members of the public in attendance can hear and have the same right to participate in the meeting as if the meeting were conducted in person; and (3) copies of pertinent reference materials, statutes, regulations, and audio-visual materials are reasonably available to participants and the public. A meeting by electronic media as provided in this subsection has the same legal effect as a meeting in person.
(b) The corporation may employ persons as staff it considers advisable, including an executive director, and may employ professional advisors, technical experts, agents, and other employees it considers advisable. The executive director and employees of the corporation are in the exempt service under AS 39.25.
(c) The corporation may hire legal counsel to represent the corporation.
(d) The corporation shall keep minutes of each meeting and send a certified copy of the minutes to the governor and to the Legislative Budget and Audit Committee.
Structure Alaska Statutes
Title 26. Military Affairs, Veterans, Disasters, and Aerospace
Chapter 27. Alaska Aerospace Corporation
Sec. 26.27.010. Creation and termination of corporation.
Sec. 26.27.020. Board of directors.
Sec. 26.27.030. Chair and vice-chair.
Sec. 26.27.040. Meetings; staff.
Sec. 26.27.050. Alaska Aerospace Corporation fund.
Sec. 26.27.060. Insurance coverage; safety program.
Sec. 26.27.070. Space activities location.
Sec. 26.27.080. Licenses and permits.
Sec. 26.27.090. Purpose of the corporation.
Sec. 26.27.100. Powers and duties of the corporation.
Sec. 26.27.120. Exercise by corporation of powers within municipalities.
Sec. 26.27.130. Trade secrets confidential.
Sec. 26.27.140. Approval of projects by legislature.
Sec. 26.27.150. Issuance of bonds, notes, and refunding bonds.
Sec. 26.27.160. Security for bonds.
Sec. 26.27.170. Limitation of liability on bonds.
Sec. 26.27.180. Issuance and sale of bonds and notes.
Sec. 26.27.190. Bonds exempt from taxes.
Sec. 26.27.200. Independent financial advisor.
Sec. 26.27.210. Additional powers to secure bonds or obligations under leases.
Sec. 26.27.220. Right of obligee of corporation to bring injunction.
Sec. 26.27.230. Power of corporation to confer upon obligee right to bring action or proceeding.
Sec. 26.27.240. Exemption of real property of corporation from execution or other process.
Sec. 26.27.250. Power of corporation to obtain federal aid and cooperation.
Sec. 26.27.260. Exemption from taxes and assessments.
Sec. 26.27.270. Disposal of surplus property.
Sec. 26.27.280. Public loans or donations to or cooperation with corporation.
Sec. 26.27.300. Cooperation with other authorities.
Sec. 26.27.310. Investment of revenue.
Sec. 26.27.320. Legality of corporation bonds as investments.