An institution that offers a degree program must have a governing board that has the authority to carry out the mission of the institution. At least a majority of the board members must have no contractual, employment, or personal financial interest in the institution.

(Eff. 4/19/90, Register 114; am 11/5/92, Register 124)

Authority: AS 14.48.050, AS 14.48.060, AS 14.48.070