BOARD: Alaska Commercial Fishing and Agriculture Bank Board of Directors

BOARD IDENTIFICATION NUMBER: 021

DEPARTMENT: NONE

AUTHORITY: AS 44.81.010

STATUS: Active

SUNSET DATE:

REQUIREMENTS: No Legislative Confirmation or Financial Disclosure required

PROHIBITIONS: Member may not vote on transaction if party to the transaction.

TERM: 3 years

DESCRIPTION: 7 member Board of Directors: 2 appointed by Governor and 5 elected by Bank members, at least 1 elected Director must be an Alaska farmer (reference statute for appointments).

FUNCTION: Manages assets of Bank; selects officers of the Bank.

CHAIR: Board selects.

SPECIAL FACTS: Board annually elects chair; may serve successive terms; quorum - majority; publish annual report to Bank members.

COMPENSATION: Not to exceed $250/day as determined by board, + actual exp.

MEETINGS: 5-6 times per year, 1 day each; 5-6 days total, excluding travel.

FOR FURTHER INFORMATION CONTACT: