Politics of Costa Rica approved in 1969 limits presidents and deputies to one term, although a deputy may run again for an Assembly seat after sitting out a term. The prohibition was officially recognized as unconstitutional in April 2004, allowing Óscar Arias to run for President a second time in the 2006 Costa Rican presidential elections, which he won with approximately a 1% margin. The President of Costa Rica has limited powers, particularly in comparison to other Latin American Presidents. For example, he cannot veto the legislative budget, and thus Congress is sovereign over the year's single most important piece of legislation. On the
University of Costa Rica reformist administration of President Rafael Ángel Calderón Guardia. The UCR remained the country's sole university until the Costa Rica Institute of Technology ("Instituto Tecnológico de Costa Rica") and the National University of Costa Rica ("Universidad Nacional de Costa Rica") were opened by the government in 1972 and 1973, respectively. Years later, in 1979, another public university opened: the Distance State University ("Universidad Estatal a Distancia"), modeled after the British Open University. Today, Costa Rica has five public universities (the fifth being the newly created National Technical University), and approximately fifty three small private ones, but the UCR remains the largest