New Jersey § 18a:65-25

§ 18a:65-25.

The board of governors shall have general supervision over and be vested with the

conduct of the university. It shall have the authority and responsibility to: a. Determine policies for the organization, administration and development of the

university; b. Study the educational and financial needs of the university, annually acquaint

the Governor and Legislature with the condition of the university, and prepare and present the annual budget to the Governor , the Division of Budget and Accounting in the Department of the Treasury and the Legislature, in accordance with law; c. Disburse all moneys appropriated to the university by the Legislature, moneys received

from tuition, fees, auxiliary services and other sources, and from or by direction

of the board of trustees; d. Direct and control expenditure and transfer of funds appropriated to the corporation

and the university by the State in accordance with the provisions of the State budget

and appropriation acts of the Legislature; and, as to funds received from the trustees

and other sources, direct and control expenditures and transfers in accordance with

the terms of any applicable trusts, gifts, bequests, or other special provisions,

reporting changes and additions thereto and transfers thereof to the Director of the

Division of Budget and Accounting in the State Department of the Treasury. All accounts of the university shall be subject to audit by the State at any time; e. Borrow money for the needs of the corporation and the university, as deemed requisite

by the board, in such amounts and for such time and upon such terms as may be determined

by the board, with the consent and advice of the board of trustees; provided, that

no such borrowing shall be deemed or construed to create or constitute a debt, liability,

or a loan or pledge of the credit, or be payable out of property or funds (other than

moneys appropriated for that purpose) of the State; f. 1. Purchase all lands, buildings, equipment, materials and supplies; and 2. Employ architects to plan buildings; secure bids for the construction of buildings

and for the equipment thereof; make contracts for the construction of buildings and

for equipment; and supervise the construction of buildings; g. Manage and maintain, and provide for the payment of all charges on and expenses

in respect of, all properties utilized by the university; h. In accordance with the provisions of the budget, have the sole power (subject to

the provisions of section 18A:65-31 ) to elect, appoint, remove, promote or transfer all corporate, official, educational

and civil administrative personnel, and fix and determine their salaries in accordance

with salary schedules adopted by the board of governors. Such salary schedules shall prescribe qualifications for the various classifications

and shall limit the percentage of the educational staff that may be appointed or promoted

to any given classification; i. In accordance with the provisions of the budget, appoint, remove, promote and transfer

all other officers, agents, or employees, assign their duties, determine their salaries,

and prescribe qualifications for all positions, and in accordance with the salary

schedules of the State Civil Service Commission wherever possible; and j. Authorize any new educational department or school consistent with the institution's programmatic mission or approved by the Commission

on Higher Education .