`` as jan has rightly put it the dean heads the academic functions to the best of his ability based on the resources dispensed to him from on high , the regents , on the other hand , by statute own the real property of the university , receive directly all grants , endowments , and ratify disbursements , both operating and capital the principal , in the ideal performance of his duties , sits betwixt these two worlds : the real world of the regents ; the intellectual world of the academics .