29.2. The Minister may, after having given a college an opportunity to present its views, assume the administration of the college in the place and stead of the board for a period not exceeding 120 days,
(a) where the college engages in practices or tolerates a situation incompatible with the pursuit of its purposes;
(a.1) where the college does not use the means at its disposal to put an end to behaviour that could reasonably pose a threat for the students’ physical or psychological safety;
(b) where the Minister considers that there has been a gross fault, such as embezzlement, breach of trust or other misconduct by one or more members of the board;
(c) if the college has been seriously remiss in the performance of its obligations under this Act and its regulatory instruments, especially by appropriating subsidies for purposes other than those for which they were allocated.