Section 9
SEC. 9. The Board of Regents shall have the following powers and duties in addition to its general powers of administration and supervision and the exercise of all the powers of a corporation as provided in Section Thirty-Six of Batas Pambansa Bilang 68, otherwise known as the Corporation Code of the Philippines: To receive and appropriate to the ends specified by law such sums of money as may be provided for the support and maintenance of the University; To prescribe rules for its own government and to enact for the government of the University such rules and regulations not contrary to law, as may be necessary to carry out the purpose and functions of the University; To import commodities for educational purposes, duty-free as an exception to existing laws as well as to receive in trust legacies, gifts, and donations of real and personal property of all kinds, to administer the same for the benefit of the University, specific department thereof, or for aid to any student in accordance with the discretion and instruction of the donor, or in default thereof, in much manner as the Board of Regents may in its discretion determine. All such donations shall be considered deductible items for the income tax returns of the donors; To approve the curricular and rules of discipline drawn by the University Council as hereinafter provided; To confer degrees upon successful candidates for graduation and to such other candidate as may be qualified; to award honorary degrees upon persons in recognition of learning, public service, statemanship or prominence in any field of specialization of the University; to authorize the University President to award certificates for completion of non-degree program; To appoint on recommendation of the President of the University—vice-presidents, deans, directors, heads of departments, professors, instructors and other officials and employees of the University; to fix their compensation hours of service, and such after due investigation and hearing; To establish chairs in the University and to provide fellowships for qualified faculty members and other scholarships to deserving students; To fix the tuition fees, matriculation, graduation, laboratory, and other special fees and charges as if may proper to impose. Such fees and charges including other income generated by the University shall be taken up in the books of accounts of the University in accordance with existing rules and regulations; To constitute a revolving fund out of income derived from production and other income generating projects; To authorize the University President to enter into contracts and/or negotiate for the construction, repair and acquisition of buildings, machineries, equipment and other physical facilities, or to acquire loans for improving them. To authorize the University President to enter into formal agreements or consortia with academic, research and of institutions both here and abroad, subject to certain guidelines to be framed by the University Council and final approval by the Board of Regents; and To name after prominent Filipinos or heroes hall buildings, grounds or branch of the University;