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Statute Regulating Financial Affairs in Universities · Article 12

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Article 12

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Subject to the rules that govern leasing and demolishing government buildings and renting property from outside entities, the University President, or whoever is so authorized by him, has the authority to:

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a.Lease university property and renew or terminate rental contracts;

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b.Order demolition of buildings that are severely dilapidated or pose a danger.

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c.Rent real estate from external entities.

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