[ArrogantBustard]

No ... the term is used correctly. From "www.dictionary.com"

fac⋅ul⋅ty

7. a power or privilege conferred by the state, a superior, etc.: The police were given the faculty to search the building.

8. Ecclesiastical. a dispensation, license, or authorization.

[knittnmom]

Thanks for the clarification. Guess I should have used onelook.com before posting.