Page 14 of 22 (18) To document the movement of money from an account of the system or an institution to another account or institution and include a plan for repayment. Repayment shall be given priority when any new Federal or State money is appropriated. ((18) added July 1, 2020, P.L.558, No.50) (19) To make, issue and enforce board policies, procedures and standards for the management and conduct of the instructional, administrative and financial affairs of the system. ((19) added July 1, 2020, P.L.558, No.50) (b) The Board of Governors shall provide for the holding of regular and special meetings. Eleven (11) governors attending shall constitute a quorum for the transaction of any business and, unless a greater number is required by the bylaws of the board, the act of a majority of the governors present at any meeting shall be deemed the act of the board. ((b) amended June 23, 1988, P.L.457, No.77) Compiler's Note: Section 34 of Act 61 of 2008, which amended section 2006-B(c), provided that Act 61 shall apply retroactively to July 1 2008. SECTION 2007-A. COMMISSION OF PRESIDENTS The commission of presidents of the system shall consist of the presidents of the several institutions who shall annually select one (1) of their members as chairperson. The commission shall recommend policies for the institutions and shall act in an advisory capacity to the chancellor and the governors. The commission shall meet quarterly and additionally at the call of its chairperson or the chancellor. A majority of the presidents shall constitute a quorum. SECTION 2008-A. COUNCILS OF TRUSTEES (a) The council of each of the institutions shall consist of eleven (11) members who, except for student members, shall be nominated and appointed by the Governor with the advice and consent of the Senate. At least two (2) members of the eleven (11) member council of trustees shall be alumni of the institution. (b) Ten (10) members of each council shall serve terms of six (6) years, respectively and until their respective successors are duly appointed and qualified. (b.1) One (1) member of each council shall be a student appointed by the board under section 2006-A(a)(17). The student member shall serve a term of four (4) years or for so long as the student is a full-time student in attendance at the institution of which the student is a trustee, whichever period is shorter, and is in good academic standing. If a student member is temporarily unable, for medical or valid academic reasons, to fulfill the responsibilities of office, the Council of Trustees may appoint an otherwise qualified student to serve as an alternate until the return of the student member. (b.2) Vacancies occurring before the expiration of the term of any member shall be filled in like manner for the unexpired term. (c) ((c) deleted by amendment). (d) Six (6) members of a council shall constitute a quorum. Each council shall select from its members a chairperson and a secretary to serve at the pleasure of the council. Each council shall meet at least quarterly, and additionally at the call of the president, or its chairperson, or upon request of three (3) of its members. (2008-A amended July 1, 2020, P.L.558, No.50)
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