• (t)To be responsible for raising funds from the federal government, state and local public sources, corporations, private individuals, foundations, and other sources;
• (u)To supervise programs for constant maintenance and improvement of their quality, for their effective service to students, for their adequacy of research, and for their accountability to the people of the Commonwealth, to students, and to grantors or donors;
• (v)To be responsible for the University’s role in construction and renovation, the maintenance of buildings and grounds, the acquisition of essential new facilities, equipment, and library materials, and the allocations and utilization of space;
• (w)To prepare and submit to the Board a quarterly report of all expenditures, disbursements, and contracts exceeding $100,000 and an annual report that details all money received, how said money was spent, and the general condition of the University; and
• (x)To delegate as appropriate the responsibility for carrying out any of the above functions.

ARTICLE XI

Indemnification, Legal Defense of Board Members, Conflicts of Interest, and Confidential Information

Section 11.1: It is the purpose of this article to provide that any member of the Board of Regents be afforded a legal

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