Section 7Sec./Art. 7

Powers and Duties of the Board of Trustees. -In addition to its general powers of administration and the exercise of all powers granted to the board of directors of a corporation under existing laws, the Board shall have the following specific powers and duties:

(a) To promulgate rules and regulations not contrary to laws as may be necessary to carry out the purposes and functions of the College;

(b) To receive and appropriate all sums as may be provided, for the support of the College in the manner it may determine in its discretion to carry out the purposes and functions of the College;

(c) To import duty-free economic, technical and cultural books and/or publications upon verifications by the CHED that such imported books and/or publications are for economic, technical, vocational, scientific, philosophical, historical or cultural purposes in accordance with the provisions of the Tariff and Customs Code, as amended;

(d) To receive, in trust, all kinds of legacies, gifts and donations of real and personal properties and to administer and dispose the same when necessary for the benefit of the College and subject to the limitations, directions and instructions of the donor, if any;

Such donations shall be exempt from the donors tax and the same shall be considered as allowable deductions from the gross income in the computation of the income tax of the donor, in accordance with the provisions of the National Internal Revenue Code (NIRC), as amended: Provided, That such donation shall not be disposed of, transferred or sold;

(e) To fix the tuition fees and other necessary school charges such as matriculation fees, graduation fees and laboratory fees, as the Board may deem proper to impose, after due consultation with the involved sectors. Such fees and charges, including government subsidies and other income generated by the College, shall constitute the special trust funds and shall be deposited in any authorized government depository bank, and all interests that shall accrue therefrom shall form part of the same funds for the use of the College.

Any provision of existing laws, rules and regulations to the contrary notwithstanding, any income generated by the College from tuition fees and other charges as well as from the operation of auxiliary services and land grants, shall be retained by the College, and may be disbursed by the Board for instruction, research, extension or other programs/projects of the College: Provided, That all fiduciary fees shall be disbursed for the specific purposes for which these were collected: Provided, however, That if. for reasons beyond its control, the College shall not be able to pursue any project for which the funds have been appropriated and allocated under its approved program of expenditures, the Board may authorize the use of the said funds for any reasonable purpose which, in its discretion, may be necessary and urgent for the attainment of the objectives and goals of the College;

(f) To adopt and implement a socialized scheme of tuition and school fees for greater access to education of poor but deserving students in accordance with the provisions of Republic Act No. 10931, otherwise known as the "Universal Access to Quality Tertiary Education Act";

(g) To authorize the construction or repair of its buildings, machinery, equipment and other facilities, and the purchase and acquisition of real and personal properties including the necessary supplies, materials and equipment;

(h) To appoint, upon the recommendation of the President of the College, the vice presidents, deans, directors and heads of departments, faculty members, and other officials and employees of the College;

(i) To fix and adjust the salaries of faculty members and administrative officials and employees, subject to the provisions of the Revised Compensation and Position Classification System and other pertinent budget and compensation laws governing hours of service, and such other duties and conditions as it may deem proper; to grant them, at its discretion, leaves of absence under such regulations as it may promulgate, any provision of existing law to the contrary notwithstanding, and to remove them for cause in accordance with the requirements of due process of law;

(j) To approve the curricula, instructional programs, and rules of discipline drawn by the administrative and academic councils herein provided;

(k) To set the policies on admission and graduation of students;

(l) To award honorary degrees upon persons in recognition of their outstanding contribution in the fields of education, public service, arts, science and technology, agriculture or in any field of specialization within the academic competence of the College; and to authorize the awarding of certificates of completion of nondegree and nontraditional courses;

(m) To establish and absorb nonchartered tertiary institutions within the Province of Misamis Occidental as branches and centers, in coordination with the CHED and in consultation with the Department of Budget and Management (DBM), and to offer therein programs or courses to promote and carry out equal access to educational opportunities, as mandated by the Constitution;

(n) To establish research and extension centers of the College where such will promote the development of the latter;

(o) To establish professorial chairs in the College and to provide fellowships for qualified faculty members and scholarships to deserving students;

(p) To delegate any of its powers and duties provided herein to the President or other officials of the College as it may deem, appropriate, so as to expedite the administration of the affairs of the College;

(q) To authorize an external management audit of the College, to be financed by the CHED, subject to the rules and regulations of the Commission on Audit (COA); and to institute reforms, including academic and structural changes on the basis of the audit results and recommendations;

(r) To collaborate with other governing boards of other state universities and colleges (SUCs) within the Province of Misamis Occidental and Region X, under the supervision of the CHED and in consultation with the DBM, and work for the restructuring of the College to become more efficient, relevant, productive and competitive;

(s) To enter into joint ventures with business and industry for the profitable development and management of the economic assets of the College, the proceeds of which shall be used for the development and strengthening of the College;

(t) To develop consortia and other linkages with local government units (LGUs), institutions and agencies, both public and private, local and foreign, in the furtherance of the purposes and objectives of the College;

(u) To develop academic arrangements for institutional capability building with appropriate institutions and agencies, public or private, local or foreign, and to appoint experts/specialists as consultants, part-time or visiting or exchange professors, scholars or researchers, as the case may be;

(v) To set up the adoption of modern and innovative modes of transmitting knowledge such as the use of information technology, dual training system, open distance learning, and community laboratory, for the promotion of greater access to education;

(w) To establish policy guidelines and procedures to promote participative decision-making and transparency within the College;

(x) To privatize, where most advantageous to the College, the management of nonacademic services such as health services, food services, building or grounds or property maintenance, and such other similar activities; and

(y) To extend the term of the President of the College beyond the age of retirement, whose performance has been unanimously rated by the governing board as outstanding, after unanimous recommendation by the search committee, but not beyond the age of seventy (70).