(a) The board shall

(1) hold regular and special meetings it considers necessary; the board may hold meetings by teleconference;

(2) award grants from the grant account to community-based programs that the board finds will aid in the prevention of child abuse and neglect;

(3) monitor approved programs for compliance with AS 37.14.200 - 37.14.270 and specified grant conditions;

(4) maintain records for all donations to the trust and the grant account; the records must reflect the amount of the donation, the date of the donation, the donor's intent, if any, with respect to how the donation is to be used, the account into which the donation was deposited, and the manner in which the donation was expended;

(5) apply for and use funds from the grant account to obtain private and federal grants for the prevention of child abuse and neglect;

(6) solicit contributions, gifts, and bequests to the trust and the grant account;

(7) keep electronic recordings of each meeting of the board to be made available on request;

(8) submit to the governor and make available to the legislature by February 1 each year a report describing

(A) the child abuse and neglect prevention services that were provided by the programs to which the board awarded grants; and

(B) the annual level of contributions, income, and expenses of the trust and the grant account;

(9) make arrangements with the commissioner or a financial depository to manage private restricted-use donations that are not fully expended and account for any interest earned on the donations.

(b) The board may enter into joint arrangements with a private nonprofit entity or entities for the purpose of making grants and fundraising for the support of child abuse and neglect prevention programs. In entering into a joint arrangement, the board may not delegate its duties or authority under AS 37.14.200 - 37.14.270.