The board may select one or more underwriters for its bonds in accordance with procedures (1) for the award of a contract under AS 36.30.200 — 36.30.260; or
(2) adopted by regulations of the board that are based on the competitive principles of AS 36.30.200 — 36.30.260 and are adapted to the special needs of the corporation in the selling of its bonds as determined by the board.