All you need to do is download cutePDF. Then go to the regulation website for each Part and print to PDF. Each part is a single page html so it will print to PDF nicely. The only think you lose are the links, but searching the pdf is still much easier than thumbing through a book. I also downloaded the Class II NOTAMs which come in PDF monthly and added them to the EFB. They are located at the same site as the AIM.
All free and as up to date as you want them to be. I did this weekly for a fleet of airplanes. It is a very simple task.