In order to foster the development of a consolidated system of public higher education, to improve the quality of education, to extend its benefits and to encourage the economical use of the State’s resources, the University System of Maryland is established in accordance with the provisions of this title. In this title the following words have the meanings indicated. “Board” or “Board of Regents” means the Board of Regents of the University System of Maryland. “Centers” or “institutes” means the following components of the System under the jurisdiction of the Board of Regents: University of Maryland Center for Environmental Science; Cooperative Extension Service and the Agricultural Experiment Station; Statewide Medical Education and Training System; Fire and Rescue Institute; Center for Maryland Advanced Ventures; University of Maryland Center for Economic and Entrepreneurship Development; Universities at Shady Grove Regional Higher Education Center; and Any other center, component, or institute established and operated by the System in accordance with its mission. “Chancellor” means the Chief Executive Officer of the University System of Maryland and the Chief of Staff for the Board of Regents. “Computer–based instructional technology” means computer hardware or software used by faculty and students in the delivery of the instructional program. “Constituent institutions”, “institutions”, or “campuses” means the following public senior higher education institutions under the jurisdiction of the Board of Regents: University of Maryland, which is a strategic partnership between the following two distinct campuses within the University System of Maryland: The University of Maryland, Baltimore Campus; and The University of Maryland, College Park Campus; University of Maryland Baltimore County; University of Maryland Eastern Shore; University of Maryland Global Campus; Bowie State University; Coppin State University; Frostburg State University; Salisbury University; Towson University; and University of Baltimore. “President” means the Chief Executive Officer of a constituent institution of the University System of Maryland. “Quasi–endowment funds” means funds that the University System of Maryland retains and manages in the same manner as an endowment. “Technology” means the latest state–of–the–art technology products and services, including: Copper and fiber optic transmission; Computer; Video and audio laser and CD–ROM discs; Video and audio tapes or other technologies; and Technology used for online learning. “University” or “University of Maryland System” means the University System of Maryland.