(1) The authority shall be governed by a board which:
(a) shall manage and conduct the business and affairs of the authority;
(b) shall determine all questions of authority policy; and
(c) constitutes a mixed-function board.
(2) All powers of the authority are exercised through the board or, as provided in Section 11-58-305, the executive director.
(3) The board may by resolution delegate powers to authority staff.
(4) The board shall, at least annually:
(a) review the statutory authority of the authority, the board, and the executive director;
(b) evaluate whether the authority is achieving the objectives outlined in Section 11-58-203;
(c) determine whether changes to board rules, policies, or guidelines are advisable and, if so, modify the rule, policy, or guideline; and
(d) determine whether to recommend statutory changes to Chapter 58, Utah Inland Port Authority Act, to the Legislature.