There is hereby created within the Board of Regents the FTE demand pool. For the purposes of this section, "FTE" means full-time equivalent as defined in § 2-14-2. The initial balance of the FTE demand pool is established by the Legislature and may be replenished each year through the general appropriations act. Subject to the approval of the board, the universities may draw upon the pool for FTEs necessary to staff nonstate funded programs. The board shall administer the pool so that any unfunded FTEs are returned to the pool and available to be drawn for other programs.

Source: SL 1992, ch 133 , § 2; SL 2026, ch 19 , § 7.