Powers and functions of Board

26.

1. (1) The Board shall exercise and perform the following powers and functions, namely:,
   • (a) to consider and review the financial requirements and estimates for the University and approve its budget;
   • (b) to approve the recommendations for appointment of officers, teachers and other staff of the University in the prescribed manner;
   • (c) to provide for the administration of any funds placed at the disposal of the University for the purposes intended;
   • (d) to arrange for the investment and withdrawal of funds of the University;
   • (e) to borrow money for capital improvements and to make suitable arrangements for its repayment;
   • (f) to provide for accepting, acquiring, holding and disposal of property on behalf of the University;
   • (g) to determine the form of, to provide for custody of, and to regulate the use of, the common seal of the University;
   • (h) to appoint such committees, either standing or temporary, as the Board may consider necessary, and specify the terms of reference thereof, subject to the provisions of the Act or Statutes;
     • (i) to determine and regulate all policies relating to the University in accordance with this Act or the Statutes;
   • (j) to make provision for instruction, teaching and training in such branches of learning and courses of study as may be determined by the Academic Council within the purposes of this Act, and for research and for the advancement and dissemination of knowledge;
   • (k) to approve recommendations for promoting post-graduate teaching, research and extension education;
   • (l) to provide for the establishment and maintenance of colleges, hostels, libraries, laboratories, experimental farms, research institutes and other facilities necessary for carrying out the purposes of this Act;
   • (m) to make provision for instituting and conferring degrees, diplomas, and other academic distinctions;
   • (n) to provide for the institution, maintenance, and award of scholarships, fellowships, studentships, medals and prizes;
   • (o) to accept on behalf of the University trusts, bequests, donations, and transfers of any moveable or immoveable property to the University;
   • (p) to enter into, vary, carry out and cancel contracts on behalf of the University in the exercise or performance of the powers and duties assigned to it by the Act and the Statutes;
   • (q) to approve the annual accounts and the annual financial estimates of the University;
   • (r) to manage and regulate the finances, accounts and investments of the University; (