Guam § 29105 - Authorized Activities.

§ 29105. Authorized Activities.

Notwithstanding any other provision of law, rule, or regulation, the

RCUOG is authorized to conduct the following activities:

(a) to create, adopt, amend, and repeal by-laws governing the

conduct of its business and the exercise of the powers and performance

of duties granted to it or imposed upon it by law;

(b) to enter into and perform such contracts, leases, cooperative

agreements, grants or other transactions on behalf of the University, as

may be necessary to facilitate the conduct of the authorized activities

described herein;

(c) to buy, sell, lease, rent, hold, maintain, use, and operate any

property, real, personal, or mixed, tangible or intangible, in accordance

with the conditions under which it was received and under the purposes

of the RCUOG;

(d) to submit each year for the approval of the Board of Directors

an annual budget; such budget will include projected income, including

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indirect/facilities and administrative revenue, and a cost of operating

expenses of the Corporation, as well as the distribution plan of the net

proceeds for the University’s use, which shall include a reasonable

corporate reserve; the allocation of indirect/facilities and administrative

cost will be determined by the Board of Directors, and follow UOG-

BOR Resolution 08-40;

(e) to receive through University policies and procedures, by

gifts, grants, devises, bequests, or otherwise from private or public

sources, any property, real, personal, or mixed, intangible or tangible,

absolutely or in trust, to be used and disposed of, either the principal or

the income there from, in accordance with the conditions under which it

was received; except, that no gift to the Corporation shall be accepted

unless approved or confirmed by the RCUOG Board of Directors;

(f) to facilitate multi-year contracts;

(g) to have a corporate seal;

(h) to sue and to be sued in its own name and to indemnify the

University against losses incurred specific to that activity;

(i) to serve as trustee or beneficiary under terms of any gift,

indenture, or will;

(j) to apply for, take out, receive by purchase or gift, hold,

administer, and dispose of copyrights, patent rights, licenses,

assignments of inventions, discoveries, processes, and other property,

rights or interests therein, the income thereof, absolutely or subject to

such conditions or trusts as may be attached thereto or be imposed

thereon, and to obligate itself to perform and execute any and all such

conditions or trusts in coordination with UOG’s Intellectual Property

Policy;

(k) to conduct research, studies, experiments, investigations, and

tests in all fields of knowledge; to promote and develop the scientific

and commercial value of inventions, discoveries, and processes; and to

make published, and distribute the results thereof;

(l) to do any and all other acts reasonably necessary to carry out

the objectives and purposes of the Corporation and the University, as

approved by the University and the RCUOG Board of Directors;

(m) to coordinate and correlate activities and projects of the

Corporation with the work of government of Guam agencies for the

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purpose of relating research work to the economic development of

Guam whenever practical or desirable;

(n) to stimulate and promote cooperative research projects and

activities;

(o) to establish and maintain, or to assist in establishing and

maintaining, scholarships, fellowships, and professorships, and other

staff positions for the purpose of aiding in the acquisition and

dissemination of knowledge; and to enter into agreements or contracts

with other corporations, organizations, institutions, or persons for this

purpose and to pay the necessary and appropriate expenses therefor;

(p) to prepare, print, or publish any manuscript, research article,

report, study, discussion, reference, collection, or any pictorial or

schematic representation or group or collection thereof, whether it

belongs to or is the work of any government of Guam agency or its

employees, or the University or one of its faculty members or

employees, or the Corporation or its employees, or a contractor of

RCUOG. The printing or publication may be accomplished through

whatever person, company, or agency is deemed most appropriate by

the Board of Directors.