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Code · Arizona · Title 45 — Trade and Commerce

45-1923. Administrative powers and duties; executive director; annual report

264 words·~1 min read·/az/title-45/45-1923

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A. The board shall determine its organizational and procedural structure, adopt, amend or repeal bylaws, rules and forms consistent with the requirements of this chapter and prescribe a system of accounts.
B. The board may:
1. Manage, set policy and conduct the business and affairs of the authority.
2. Make and execute all necessary contracts, including intergovernmental agreements pursuant to title 11, chapter 7, article 3.
3. Sue and be sued.
4. Adopt a seal for the authority to be used to attest to documents.
5. Provide for payment of all debts and appropriate claims against the authority from the appropriate funds.
6. Employ an executive director and such administrative, legal, engineering, accounting, clerical and other staff as may be necessary and prescribe the duties, terms and conditions of employment.
7. Retain outside professional services, including legal counsel.
8. Acquire suitable offices, furnishings and necessary equipment and supplies.
9. Perform all other acts necessary to carry out the purposes of this chapter.
C. The board shall prepare and publish an annual report on or before December 1 of each year containing a full and complete account of its transactions and proceedings for the preceding fiscal year and other facts and recommendations deemed to be of public value. This annual report may include and may be combined with the financial report prescribed by section 45-1977. The authority shall make copies of the annual report available to the public on request.
D. All employees shall be selected on a nonpartisan basis according to their qualifications. The executive director shall serve at the pleasure of the board.
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