(ix) Addresses and responds to continuing higher education needs in
order to maintain an educated work force in Maryland.]

(2) The Board shall review, modify, as necessary, and approve the overall

plan.

(3) By July 1 of each year, the Board shall submit to the Maryland Higher
Education Commission, to the Governor and, subject to § 2-1246 of the State
Government Article, to the General Assembly an annual review of the plan.

12-109.

(e) Subject to the authority and applicable regulations and policies of the
Board of Regents, each president shall:

(1) Develop a plan of institutional mission[, goals, priorities, and a set of
peer institutions} in accordance with Subtitle 3 of Title 11 of this article;

(3) Formulate operating and capital budget requests DESIGNED TO
FURTHER THE MISSION OF THE INSTITUTION;

(5) Subject to the provisions of subsection (g) of this section, have
authority to create any position within existing funds available to the University, to
the extent the cost of the position, including the cost of any fringe benefits, is funded
from existing funds;

(16) Have the authority to establish AND APPOINT an institutional board

to:

(i) Provide advice to the president;

(ii) Assist in community relations;

(iii) Assist in institutional development; or

(iv) Provide any other assistance requested by the president;

(f) (1) The institutional boards established under subsection (e)(16) of this
section shall be known as boards of visitors. Each board shall submit a report by
October 1 of each year to:

(i) The Governor;

(ii) The Chairman of the Board of Regents of the University System

of Maryland;

(iii) The Secretary of the Maryland Higher Education Commission;

and

(iv) The presiding officers of the Maryland General Assembly.

(2) Except as provided in paragraph (3) of this subsection, each report
submitted under paragraph (1) of this subsection shall include the comments of the
appropriate board on the institution's progress toward meeting its goals consistent
with its mission.