Section 5Sec./Art. 5

Powers and Duties of 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 powers granted to the Board of Directors of a corporation under existing laws:

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

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

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

Such donations shall be exempt from the donor's 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 donations shall not be disposed transferred or sold;

(d) To coordinate with CHED, TESDA and other governing boards of education institutions in the country in the restructuring of the Polytechnic College to become more efficient, relevant, productive and competitive in producing professionals, technologists and technicians;

(e) To approve the curricula, institutional programs and rules of discipline drawn by the administrative academic councils as herein provide; and to establish applied research and extension programs that will further support the goals and objectives of the Polytechnic College;

(f) To develop and implement a system of equivalency (E) and credit transfer (CT) within the Polytechnic College to encourage students to enroll in the Marikina Polytechnic College, that includes the recognition of prior learning (RPL) in the E&CT program to encourage competent people working in the industry to share their knowledge by becoming qualified to teach in the Polytechnic College and other educational institutions;

(g) To set-up the adoption of modern and innovative modes of delivering training such as the use of information technology, the dual system, open learning, community laboratory, competency-based training, et., for the promotion of greater access to professional and technological education and skills development:

(h) To set policies on admission, graduation and certification of students;

(i) To fix tuition fees and other necessary school fees and charges such as, but not limited to, matriculation fees, graduation fees and laboratory fees as the Board may deem proper to impose after due consultations with the involved sectors.

Such fees and charges, including government subsidies and other incomes generated by the Polytechnic College, shall constitute 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 fund for the use of the Polytechnic College.

Any provision of existing laws, rules and regulations to the contrary notwithstanding, any income generated by the Polytechnic College from tuition fees and other charges, as well as from the operation of auxiliary services and land grants, shall be retained by the Polytechnic College, and may be disbursed by the Board for instruction, research, extension, or other programs/projects of the Polytechnic College: Provided, That all fiduciary fees shall be disbursed for the specific purposes for which they are collected.

If for reasons beyond its control, the Polytechnic College shall not be able to pursue any project for which funds have been appropriated and allocated under its approved program of expenditures, the Board may authorize the use of 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 Polytechnic College;

(a) To provide scholarship, subsidy, or a socialized scheme of tuition and school fees to poor but deserving students who could not afford the fees and charges set by the school;

(b) 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 regulations as it may promulgate, any provision of existing law to the contrary notwithstanding; and to remove them for cause in accordance with requirements of due process of law;

(c) To provide local and international fellowships to qualified faculty members provided that they have provided at least three (3) years of service to the Polytechnic College;

(d) To develop training arrangements for institutional capability-building with appropriate institutions and agencies, public and private, local and foreign;

(e) To authorize the construction or repair of the buildings, equipment and other facilities, and the purchase and acquisition of real and personal properties, including necessary supplies, materials and equipment. Purchases and other transactions entered into by the Polytechnic College through the Board shall be exempted from all taxes and duties; and to import duty-free essential commodities and materials for advanced technological programs, provided such commodities or materials are not locally available;

(f) To enter into joint ventures with business and industry for the profitable development and management of the assets of the Polytechnic College, the proceeds of which will be used for its development and strengthening;

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

(h) To privatize, where most advantageous to the institution, management of non-academic services such as health, food, building/grounds/ property management and similar activities.