President of the College: Duties. The board shall define the duties and responsibilities of the president by adopted rules. Until such time that the regulations are promulgated, the duties of the president shall continue under prior law. Source: PL 8-18, § 13 (repealing PL 4-34, § 14). Commission Comment: PL 8-18, the “Postsecondary Education Amendment Act of 1992,” took effect March 11, 1993. According to former 3 CMC § 1323: The president of the college has the following duties: (a) To act as chief executive officer of the board and college, and as such to carry into effect the policies, goals, and general directions established by the Board for the college. (b) Subject to prior review and approval by the Board, to establish respective faculties and staff for the various departments and other divisions of the college, to approve their programs and courses of studies, and to modify or disestablish the same as the President may deem most appropriate to carry out the policies, goals, and general directions established by the Board for the college. (c) To expend funds appropriated to the college by the federal or Commonwealth government or donated to the college by any other entity. (d) To enter into contracts, cooperative agreements, and such other transactions as may be helpful to conduct the business of the college. (e) To submit to the Board an annual budget for the operation and maintenance of the college for its approval and forwarding to the Governor pursuant to 1 CMC § 7206. (f) To submit to the Governor and the legislature within 90 days after the end of the fiscal year an annual financial report of the operations and activities of the college. (g) To propose, as the President may deem appropriate, to the Board for its review and approval, policies in pursuit of the goals and general directions set by the Board. (h) To strive for excellence as evidenced by the achievement and maintenance of accreditation standards as promulgated by the Western Association of Schools and Colleges. (i) To exercise such other powers, duties and functions as the Board may direct, or as may be established by law.