18.0.1. The Government may, by regulation,
(a) determine the financial limits within which a college may acquire, construct, extend, convert or alienate an immovable without government authorization;
(b) establish the standards, conditions and procedure for awarding contracts for the construction, extension or conversion of a college immovable.
A regulation concerning matters referred to in subparagraph b of the first paragraph may
(a) provide that the Minister’s authorization may be required at several stages and be subject to conditions;
(b) enable the Minister to exempt the work he indicates from the application of some of the provisions of the regulation.