by the Board to be necessary or advisable to the maintenance and operation of the College. 3. The Board may receive and expend local, State, and federal funds to operate the College programs and may accept and disburse conditional and unconditional gifts from private individuals and may determine the depository of such funds. 4. The Board shall establish annually a schedule of tuition and fees. ( § 16-103) 5. The Board shall approve the transfer of funds between and among major function areas of the operating budget. The Board shall also approve the transfer of funds between fund balance and approved projects. 6. The Board shall determine that all funds are managed under an adequate accounting system. A certified public accounting firm licensed in Maryland shall be recommended by the Audit Committee and approved by the Board to conduct an audit of all College accounts and all College Foundation accounts after the close of each fiscal year. D. Property 1. The Board may purchase, lease, condemn or otherwise acquire any property it considers necessary for the operation of the College. ( § 16-103) 2. The Board may sell, lease or otherwise dispose of College assets or property. The President and the Chairperson may execute a conveyance or other legal document under an appropriate resolution of the Board.( § 16-103) 3.The Board may approve the use of College facilities by other institutions in partnership with those institutions provided any necessary State approvals are obtained. ( § 16-103) E. Legal Matters 1. The Board will carry appropriate comprehensive liability insurance to protect the Board, its agents and employees. ( § 16-107) 2. The Board may appoint a practicing attorney admitted to the Maryland Bar to furnish professional legal advice and services for it and the President. Requests for legal services are channeled through the President unless otherwise decided by the Board. 3. The Board may sue or be sued. ( § 16-103) F. Presidential Appointment 1. The President is appointed by the Board and is the executive officer through whom the Board carries out its programs and exercises its policies. He/she is responsible for the conduct of the College and for the administration and supervision of its departments. ( § 16- 104) 2. The President may sign grant proposals and accept grant awards and shall provide the Board with a grants report at least one time a year. 3. The President shall be the official channel of communication between the College staff and
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