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The governance of the University of Kentucky is vested by law in its Board of Trustees. Within the limits set by the state constitution and federal and state laws (the Council on Postsecondary Education in Kentucky has powers and duties that relate to the governance of the University of Kentucky), the Board of Trustees is the final authority in all matters affecting the institution and exercises jurisdiction over the institution's financial, educational, and other policies and its relation with state and federal governments.