The "Higher Education Restructuring Act of 1994" entrusts the responsibilities of the Boards of Trustees of the New Jersey State Colleges and Universities. These responsibilities include:
- Set tuition and fees and hold public hearings
- Recommend appointment of trustees to governor with Senates consent
- Determine the size and make up of board of trustees (7-15)
- Invest monies, with other than Division of Investments, with approval of treasury
- Choose legal counsel
- Submit annual budget to Treasury
- Determine disputes for classified
employees
- Conduct hearings on appeals under higher
education law
- Approve facilities construction
- Approve programs within mission
- Make public annual financial statement on
government relations, public relations
and legal costs
- Submit annual report on institutional
condition
- Submit annual independent audit and
management letter
- Adopt and use a corporate seal
- Determine policies for the organization,
administration and development of the
University
- Direct and control expenditures and
transfers of funds appropriated to the
University and tuition received by the
University
- Appoint and fix the compensation of the
president of the University, who shall be
the executive officer of the University
and ex officio member of the board of
trustees, without vote and shall serve at
the pleasure of the board of trustees
- Upon the nomination of the president,
appoint and fix the compensation of
professional members of the academic,
administrative and teaching staff
- Upon the nomination of the president,
appoint, remove, promote and transfer
such officers, agents, employees as may
be required
- Grant diplomas, certificates and degrees
- Borrow money for the needs of the
University
Trustee appointments shall be for six years. Each board member serves until his/her successor is appointed. Each year a student trustee and student-alternate trustee is elected by the student body. Board members serve without compensation but are entitled to be reimbursed for all reasonable and necessary expenses.
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