[§304A-105]  Powers of regents; official name.  (a)  The board of regents shall have management and control of the general affairs, and exclusive jurisdiction over the internal structure, management, and operation of the university.  The board may appoint a treasurer and other officers as it deems necessary.  The board may authorize any officer, elected or appointed by it, to approve and sign on its behalf any voucher or other document that the board may approve and sign.  The board may delegate to the president or the president's designee the authority to render the final decision in contested case proceedings subject to chapter 91, as it deems appropriate.  The board may purchase or otherwise acquire lands, buildings, appliances, and other property for the purposes of the university and expend such sums of money as, from time to time, may be placed at the disposal of the university from whatever source.  All lands, buildings, appliances, and other property so purchased or acquired shall be and remain the property of the university to be used in perpetuity for the benefit of the university.  The board, in accordance with law, shall manage the inventory, equipment, surplus property, and expenditures of the university and, subject to chapter 91, may adopt rules, further controlling and regulating the same.

     (b)  The board of regents shall develop internal policies and procedures for the procurement of goods, services, and construction, consistent with the goals of public accountability and public procurement practices, subject to chapter 103D.

     (c)  The board of regents may enter into concession agreements without regard to chapter 102.

     (d)  The official name of the board shall be the board of regents, University of Hawaii.  The board shall adopt and use a common seal by which all official acts shall be authenticated. [L 2006, c 75, pt of §2]

 

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