Section 8
SEC. 8. 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 existing laws: To enact rules and regulations not contrary to law as may be necessary to carry out the objectives and functions of the University; To import duty-free essential commodities, materials, and equipment which are not available locally for actual, direct, and exclusive use of the University's educational and technological programs; To receive in trust legacies, gifts, and donations of real and personal properties of all kinds which shall be administered and of in accordance with the limitations, directions, and instructions of the donor, if any, for the benefit of the University. Such legacies, gifts, and donations shall be exempt from all kinds of taxes and shall be deductible from the gross income in the computation of the income tax of the donor; To fix tuition fees and other necessary school charges such as, but not limited to, matriculation fees graduation fees, and laboratory fees, as the Board may deem proper to impose; To authorize the construction or repair of its buildings, machineries, equipment, and other facilities and the purchase of real and personal properties, necessary supplies, materials, and equipment. Such purchases and transactions which are made by the University through the Board shall be exempt from all customs duties and taxes; To confirm the appointments and/or designations of vice-president(s) , deans, directors, heads of departments, faculty members, and other officials and employees of the University made by the president of the University; To approve the curricula, institutional programs, and rules of discipline drawn by the administrative and academic councils as herein provided; To confer degrees upon successful candidates for graduation and to award honorary degrees upon persons in recognition of outstanding contribution in the field of education or in any field of specialization; and To establish chairs in the University and to provide fellowship for qualified faculty members and scholarships to deserving students.