In this subtitle the following words have the meanings indicated. “Board” means the Budget and Program Review Board. “College” means the Virginia-Maryland Regional College of Veterinary Medicine.

There is a Virginia-Maryland Regional College of Veterinary Medicine. In addition to the provisions of this subtitle the College is subject to the provisions of Title 11 (Maryland Higher Education Commission) of this article. The College shall be operated under the terms and conditions agreed to in: The Agreement of Regional Cooperation between the State of Maryland and the Commonwealth of Virginia, dated February 14, 1980; and The Agreement between Virginia Polytechnic Institute and State University and the University of Maryland, College Park Campus for a regional program in veterinary medical education, dated September 27, 1989. The College shall be operated as one school with an administrative head at each university. The student body of the College shall consist of 50 Virginia residents, 30 Maryland residents, and 10 at-large.

There is a Budget and Program Review Board. The Board is responsible for determining annually the resource needs of the professional instructional program of the College. The Board shall consist of the following seven members: The Dean of the Virginia–Maryland Regional College of Veterinary Medicine, who shall serve as Chairman of the Board; The Dean of the College of Agriculture and Natural Resources of the University of Maryland, College Park Campus; The Senior Vice President and Provost of the Virginia Polytechnic Institute and State University; The Vice President and Provost of the University of Maryland, College Park Campus; The Executive Vice President and Chief Business Officer of the Virginia Polytechnic Institute and State University; An appointee of the President of the Virginia Polytechnic Institute and State University; and The Vice Chancellor for Administration and Finance of the University System of Maryland or the Vice Chancellor’s successor. The Board shall: Determine the cost share for each state; Set the proportion of costs to be funded by tuition; and Periodically review and adjust the building use fees charged to the students of the College. The appropriate fiscal support staff of each university, which shall include the Vice Chancellor for Administration and Finance of the University System of Maryland, shall provide fiscal support to the Board.

To calculate the actual costs of the professional instructional program of the College, costs associated with graduate education, continuing education, the agricultural experiment stations, cooperative extension services, and expenditures associated with contractual grant research shall be excluded. The Executive Vice President and Chief Business Officer of the Virginia Polytechnic Institute and State University shall be responsible for providing the Board with the cost data on which the actual costs of the professional instructional program of the College shall be determined after consulting with the fiscal support staff of the Virginia Polytechnic Institute and State University and the University of Maryland, College Park Campus. To determine the appropriate level of general fund contributions for meeting the actual costs of the professional instructional program of the College to be requested from the executives and legislatures of the State of Maryland and the Commonwealth of Virginia, respectively, revenues estimated to be generated by tuition fees and charges, appropriate federal funds, instructional fees, and other instructional sources of income shall be subtracted from the calculations. The State of Maryland shall provide the appropriate level of general funds to meet the financial requirements of the professional instructional program of the College.