Kentucky Revised Statutes · § 164.350 — General powers and duties of boards of regents

(1) The government of each of the state universities and the Kentucky Community and Technical College System is vested in its respective board of regents. Each board, when its members have been appointed and qualified, shall constitute a body corporate, with the usual corporate powers, and with all immunities, rights, privileges, and franchises usually attaching to the governing bodies of educational institutions. Each board may:

(a) Receive grants of money and expend the same for the use and benefit of the university or college;

(b) Require such reports from the president, officers, faculty, and employees as it deems necessary and proper from time to time;

(c) Determine the number of divisions, departments, bureaus, offices, and agencies needed for the successful conduct of the affairs of the university or college; and

(d) Grant diplomas and confer degrees upon the recommendation of the president and faculty.

(2) Each board shall adopt bylaws, rules, and regulations for the governance of its members, officers, agents, and employees, which shall reference the member removal and replacement provisions of KRS 63.080, and the board shall enforce obedience to such bylaws, rules, and regulations.

(3) Each board shall periodically evaluate the institution's progress in implementing its missions, goals, and objectives to conform to the adopted strategic agenda. Officers and officials shall be held accountable for the status of the institution's progress.

(4) (a) In addition to the duties required in subsections (1), (2), and (3) of this section, the board for the Kentucky Community and Technical College System, upon recommendation of the president of the system, shall:

1. Review the president's biennial budget request for the Kentucky Community and Technical College System;

2. Designate each college with a name;

3. Encourage and accept donations of land and funds to be used in the acquisition, construction, or operations of colleges in the system. The board may commemorate donations from private persons or corporations with suitable memorials;

4. Accept federal grants when deemed appropriate to be used in the acquisition, construction, or operations of colleges in the system; and

5. Review the budget planning and implementation processes to ensure consistency with the adopted strategic agenda and biennial budget and with the missions of the colleges within the system; and

(b) The board of regents shall adopt a policy specifying the minimum qualifications of the president of the system and the chancellors of the colleges, which shall be the same.