“SECTION 11. (1) Subject to the limitations set forth in sections 12, 15 and 19 to 23 of this 2013 Act, a university with a governing board may: “(a) Acquire, receive, hold, keep, pledge, control, convey, manage, use, lend, expend and invest all funds, appropriations, gifts, bequests, stock and revenue from any source.
“(b) Subject to the limitations set forth in Article XI, section 7, of the Oregon Constitution, borrow money for the needs of the university in such amounts and for such time and upon such terms as may be determined by the university or the governing board.
“(c) Make any and all contracts and agreements, enter into any partnership, joint venture or other business arrangement and create and participate fully in the operation of any business structure, including but not limited to the development of business structures and networks with any public or private government, nonprofit or forprofit person or entity, that in the judgment of the university or the governing board is necessary or appropriate.
“(d) Establish, collect and use charges, fines and fees for services, facilities, operations and programs.
“(e) Purchase, receive, subscribe for or otherwise acquire, own, hold, vote, use, sell, mortgage, lend, pledge, invest in or otherwise dispose of and deal in or with the shares, stock or other equity or interests in or obligations of any other entity. The State of Oregon may not have any proprietary or other interest in investments or funds referenced in this paragraph.
“(f) Acquire, purchase, purchase on a contractual basis, borrow, receive, own, hold, control, convey, sell, manage, operate, lease, lease-purchase, license, lend, invest in, issue, improve, develop, use, expend and dispose of personal property, including intellectual property, of any nature, tangible or intangible.
“(g) Establish employee benefit plans of any type, subject to the university’s continuing obligation to provide deferred compensation plans to the university’s employees under ORS 351.094.
“(h) Take, hold, grant and dispose of mortgages and other security interests on real and personal property.
“(i) Spend all available moneys without appropriation or expenditure limitation approval from the Legislative Assembly, except for moneys appropriated from the General Fund by the Legislative Assembly and the proceeds of general obligation bonds.
“(j) Acquire, purchase, purchase on a contractual basis, borrow, receive, own, hold, control, convey, sell, manage, operate, lease, lease-purchase, license, lend, invest in, improve, develop, use, expend and dispose of real property.
“(k) Erect, construct, improve, remodel, develop, repair, maintain, equip, furnish, lease, lend, convey, sell, manage, operate, use and dispose of any building, structure, land or project.
“(L) Acquire, by condemnation or otherwise, private property that is necessary or convenient. The right to acquire property by condemnation shall be exercised as provided by ORS chapter 35.
“(m) Establish policies for the organization, administration and development of the university which, to the extent set forth in those policies, shall have the force of law and may be enforced through university procedures and in any court of competent jurisdiction.
“(n) Sue in its own name, be sued in its own name and issue and enforce subpoenas in its own name.
“(o) Hire or retain attorneys for the provision of all legal services.
A university with a governing board shall reimburse the State Treasurer for legal fees incurred in connection with borrowings done at the request of the university.
“(p) Purchase any and all insurance, operate a self-insurance program or otherwise arrange for the equivalent of insurance coverage of any nature and the indemnity and defense of its officers, agents and employees or other persons designated by the university.
“(q) Subject to the procedures set forth in section 8 of this 2013 Act, establish, supervise and control academic and other programs, units of operation and standards, qualifications, policies and practices relating to university matters such as admissions, curriculum, grading, student conduct, credits, scholarships and the granting of academic degrees, certificates and other forms of recognition.
“(r) Enforce and recover any fees, charges and fines, including but not limited to mandatory enrollment fees.
“(s) Make available and perform any and all services on such terms as the governing board considers appropriate.
“(t) Delegate and provide for the further delegation of any and all powers and duties, subject to the limitations expressly set forth in law.
“(2) The budget for a university with a governing board shall be prepared in accordance with generally accepted accounting principles and adopted by the governing board in accordance with ORS 192.610 to 192.710.
“(3) A governing board or university with a governing board may perform any other acts that in the judgment of the board or university are required, necessary or appropriate to accomplish the rights and responsibilities granted to the board or university by law.