Ch. 246

LAWS OF MARYLAND

(4)  THE PROVISIONS OF THIS SUBSECTION MAY NOT BE
INTERPRETED IN ANY WAY THAT WOULD DIMINISH THE AUTHORITY OF THE
BOARD OF REGENTS UNDER § 12-104(B) OF THIS ARTICLE.

(5)  THE INTEREST OR OTHER INCOME FROM THE INVESTMENT
OF ANY FUNDS OF THE UNIVERSITY SHALL BE CREDITED TO THE
UNIVERSITY, PROVIDED THAT ANY INTEREST ESTIMATED TO BE EARNED ON
THE STATE APPROPRIATION MUST BE OFFSET BY AN EQUIVALENT REDUCTION
IN STATE GENERAL FUND SUPPORT, AND SUCH AMOUNT WILL BE REPORTED
ANNUALLY TO THE GENERAL ASSEMBLY.

(E) (D) (E) (1) THE UNIVERSITY SHALL PROVIDE THE BOARD OF
PUBLIC WORKS, AND ANY MEMBER OF THE GENERAL ASSEMBLY, WITH ANY
INFORMATION ON ANY PHASE OF OPERATION OF THE UNIVERSITY THAT MAY
BE REQUESTED.

(2) SUBJECT TO § 12-1312 2-1312 OF THE STATE
GOVERNMENT ARTICLE, THE UNIVERSITY SHALL MAKE AN ANNUAL REPORT TO
THE GENERAL ASSEMBLY COVERING ITS WORK. THE REPORT SHALL
INDICATE CLEARLY THE TOTAL OF GIFTS, GRANTS, OR DEDICATED FUNDS
RECEIVED OR MADE AVAILABLE TO THE UNIVERSITY DURING THE YEAR.

(F) (E) (F) THE LEGISLATIVE AUDITOR SHALL AUDIT ALL
EXPENDITURES AND ACCOUNTS OF THE UNIVERSITY OF MARYLAND SYSTEM,
IN ACCORDANCE WITH §§ 2-1215 THROUGH 2-1222 OF THE STATE
GOVERNMENT ARTICLE.

12-106.

(A) (1) IN CONSULTATION WITH THE PRESIDENTS OF THE
CONSTITUENT INSTITUTIONS AND THE MARYLAND HIGHER EDUCATION
COMMISSION AND UPON THE RECOMMENDATION OF THE CHANCELLOR, THE
BOARD CHANCELLOR SHALL DEVELOP AN OVERALL PLAN THAT:

(I) IS CONSISTENT WITH THE STATEWIDE PLAN FOR
HIGHER EDUCATION IN ACCORDANCE WITH THE CHARTER AND WITH THE
MISSION STATEMENTS APPROVED BY THE COMMISSION;

(I) (II) SETS FORTH BOTH LONG-RANGE AND
SHORT-RANGE GOALS, OBJECTIVES, AND PRIORITIES FOR POSTSECONDARY
EDUCATION, RESEARCH, AND SERVICE PROVIDED BY THE UNIVERSITY OF
MARYLAND SYSTEM AND METHODS AND GUIDELINES FOR ACHIEVING AND
MAINTAINING THEM;

(II) SUBJECT TO § 11-205 OF THIS ARTICLE,
IDENTIFIES THE ROLE, FUNCTION, AND MISSION OF EACH CONSTITUENT
INSTITUTION AND CENTER WITHIN THE UNIVERSITY OF MARYLAND SYSTEM;

(III) ENHANCES THE MISSION OF THE UNIVERSITY OF
MARYLAND AT COLLEGE PARK AS THE STATE'S PRINCIPAL COMPREHENSIVE
DOCTORAL DEGREE GRANTING LAND GRANT PUBLIC RESEARCH UNIVERSITY;
AND FLAGSHIP CAMPUS WITH PROGRAMS AND FACULTY NATIONALLY AND

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