As each of the joint meetings provided for by § 16150 of this Chapter, those assembled shall discuss as agenda items the following: (a) the financial concerns of the three (3) institutions as they interrelate. (b) the possibility of consolidating programs to achieve greater economy; (c) an assessment of the needs relating to existing programs in terms of the manpower needs of the Territory; (d) policies concerning proper utilization of resources by the three (3) institutions; (e) review and assessment of academic, administrative and other programs periodically; when appropriate discontinuation of those programs that are no longer relevant and encouragement of the development of new programs that serve current needs; and (f) other items the board may desire to discuss.