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Powers and Functions of the Board.- The exercise of the powers of the NAS System is hereby vested exclusively in the Board. The Board shall have the following specific powers and duties, in addition to its general powers of administration and the exercise of all the powers granted to the board of directors of a corporation under Section 35 of Republic Act No. 11232, otherwise known as the "Revised Corporation Code of the Philippines":
(a) To formulate policies, guidelines and criteria in order to rationalize the establishment, administration and operation of the sports high schools under the NAS System in accordance with a national sports program;
(b) To identify the satellite branches and regional campuses of the NAS System for later expansion after the establishment of the main campus of the NAS System as provided in Section 5 hereof;
(c) To approve the curicula, course of study, and rules of discipline drawn up by Executive Committee as hereinafter provided. The curriculum shall be designed to address the specific training needs of a student-athlete while delivering a holistic and quality education;
(d) To formulate policies on personnel organization, appointment, promotion, retention or renewal of contracts, compensation, removal for just cause, rewards, incentives, and other conditions of employment for administrators, faculty, and staff of the NAS System;
(e) To approve appointments made and contracts entered into by the Executive Director in connection with the employment of administrative officers, teachers, lecturers, and other employees of the school.
(f) To determine the conditions of the acceptance of paying students for special programs and trainings, such as sports camps and clinics, and establish the qualifications and criteria thereof.
(g) To provide and approve fellowships and trainings for administrators, faculty members, and staff;
(h) To approve the grant of scholarships, stipends, and such other allowances to deserving students based on the guidelines and implementing rules and regulations of this Act;
(i) To establish the criteria for the selection and admission of students which shall include, among others, national competitive trials and examinations;
(j) To recruit the best student athletes from the different regions of the Philippines to be enrolled in the NAS System to better hone their skills and talents;
(k) To develop the athletic potential of every student together with a sound and strong academic base;
(l) To provide a training program for students with the end goal of producing athletes who can compete in international competitions;
(m) To approve the issuance of certificates or diplomas to successful candidates for graduation;
(n) To receive and appropriate for the ends herein specified such sums as may be provided by law for the support of the NAS System;
(o) To receive, in trust, legacies, gifts, and donations of real and personal properties of all kinds and to administer the same for the benefit of the NAS System or for aid to any of its students;
(p) To enact rules and regulations, not contrary to law, as may be necessary to carry out the purposes and functions of the NAS System; and
(q) To perform any and all other acts incident to or required by virtue of its creation.
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