(1) The Auraria board may exercise the following powers to the same extent and in the same manner as may be provided or extended by law to the governing boards of state institutions of higher education:(a) To promulgate rules and regulations for the safety of students, employees, and property located within the center;(b) To promulgate rules and regulations providing for the operation and parking of vehicles upon the grounds, driveways, or roadways within the center under the control of the Auraria board;(c) To cede jurisdiction for the enforcement of traffic laws;(d) To institute and carry out a system of registration and identification of vehicles owned or operated by students, faculty, and staff attending or employed by the constituent institutions and the Auraria staff located at the center; and(e) To receive gifts and bequests of money or property which may be tendered to the Auraria board.L. 74: Entire article added, p. 393, § 1, effective May 13.