The governing boards of public senior higher education institutions shall, with respect to institutions under their jurisdiction:
(1) Set education policy and adopt mission statements;
(2) Establish goals that are consistent with the roles and missions approved for the institutions;
(3) Select presidents;
(4) Establish guidelines for admission standards that are consistent with the roles and missions approved for the institutions;
(5) Set guidelines for tuition and mandatory fees;
(6) Evaluate and approve short-range and long-range plans; and
(7) Evaluate and approve institutional budget submissions.
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